Mike Ashley’s Frasers Group buys 12.5% stake in Mulberry

// Mike Ashley-owned Frasers Group takes out 12.5% stake in Mulberry
// It’s rumoured to have come with a £19m price tag
// Mulberry recently recorded a £9.9m pre-tax loss for the six months to September 28Mike Ashley’s Frasers Group has bought a 12.5 per cent stake in luxury British handbag retailer Mulberry, the company has revealed.
Frasers Group – previously known as Sports Direct – provided no detail on how much was paid, but based on Monday’s share