<ul><li>Frasers Group criticises management of Mulberry after ditching takeover plans</li><li>Frasers Group, Mulberry's second-largest shareholder, has criticized the management of Mulberry and walked away from its attempts to take over the luxury handbag maker after a series of rejected offers.</li><li>Mulberry's largest shareholder, Challice, holding a 56% stake, had previously stated no interest in selling its shares, thus blocking any deal.</li><li>Frasers Group offered £111m bid, which was rejected by Mulberry's board, leading Frasers Group to criticize the governance and financial position of Mulberry.</li></ul>

Frasers Group criticises management of Mulberry after ditching takeover plans

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