RE: All-time lows?15 Jul 2025 16:57
"FashionLuxury goodsNews
Mulberry has secured £20m in funding from its top shareholders to help fund its turnaround plan after reporting widening losses.
The luxury brand received support from its two biggest investors, Challice and Frasers Group, with Frasers’ chief acquisition officer James France joining Mulberry’s board as a non-executive director as a result.
The fundraising comes as Mulberry reported its underlying pre-tax loss had widened to £23.7m in the year to 29 March, which it said in part was due to reduced margin through stock optimisation activities."
Frasers getting a board seat as they helped fund the business - nice and easy with no issues....
Whats the problem here? Begins with a K....