British handbag maker says it is raising cash for turnaround and does not need offer from Sports Direct owner
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The struggling brand said it believes the possible offer from Frasers fails to ‘recognise the company’s substantial future potential value’.
British handbag maker says it is raising cash for turnaround and does not need offer from Sports Direct owner
Frasers Group, which owns Sports Direct and Flannels, already owns a 37% stake in the company.
Sports Direct owner looks to up 37% stake to 100% amid concerns for future of cash-strapped fashion firm
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