after newsletter promotion<\/p>\n<\/figure>\n

Challice has pledged to underwrite the share placing, suggesting Ong is prepared to back the new chief executive, Andrea Baldo, who joined Mulberry on 1 September.<\/p>\n

The former boss of the fashion label Ganni, who was previously involved in a turnaround at the Italian streetwear brand Diesel, took over from Thierry Andretta, who had led Mulberry since 2015 and led a push to take it upmarket.<\/p>\n

Mulberry \u2013 founded in 1971 by the entrepreneur Roger Saul and his mother, Joan, and best known for its leather goods, particularly women\u2019s handbags \u2013 has struggled to find a place in the luxury market amid heavy competition and the post-Brexit ending of shopping tax breaks for tourists to the UK.<\/p>\n<\/div>\n<\/div>\n

Source: www.theguardian.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Mike Ashley\u2019s Frasers Group has filed a possible \u00a383m offer to buy the luxury brand Mulberry as it expressed concerns about the future of the British handbag maker. Frasers \u2013 the owner of Sports Direct, Evans Cycles, the House of Fraser department stores, the luxury streetwear chain Flannels and multiple brands from Slazenger to Jack…<\/p>\n","protected":false},"author":1,"featured_media":91695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"WB4WB4WP_MODE":"","WB4WP_PAGE_SCRIPTS":"","WB4WP_PAGE_STYLES":"","WB4WP_PAGE_FONTS":"","WB4WP_PAGE_HEADER":"","WB4WP_PAGE_FOOTER":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-91694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\n