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Mulberry Group announced a 20 million pound fundraising round, or about $27 million, which it plans to use to accelerate its growth strategy, according to a Thursday press release.

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Britain's Mulberry said on Thursday it has raised 20 million pounds ($27.14 million) through convertible debt from its two biggest shareholders as it seeks to bolster operations and support growth.

By Andrea Figueras Mulberry said it named James France as non-executive director of its board to represent Frasers Group, one of its major shareholders.

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Luxury fashion firm Mulberry has raised £20 million from its largest shareholders as it revealed a plunge in sales over the past year.

Luxury fashion firm Mulberry has raised £20 million from its largest shareholders as it revealed a plunge in sales over the past year. Bosses at the handbag maker said it has made “significant ...

Mulberry’s new DG Market offers fresh meats, fruit and vegetables, expanding grocery access and creating local jobs. Grand opening set July 5.

Mulberry raises £20m from shareholders after sales plunge lower Bosses at the handbag maker said it has made ‘significant progress’ in its turnaround efforts.