Osborne Clarke has advised Mulberry Group, the British sustainable luxury brand, on its £10.4 million cashbox capital raising

 International legal practice Osborne Clarke has advised AIM quoted Mulberry Group plc, the British sustainable luxury brand, on its successful £10.4 million capital raising. The capital raising was structured as a £10 million cash box subscription by Mulberry Group's two largest shareholders and a retail offer of approximately £400,000 via the RetailBook platform

The net proceeds of the capital raising will be used to strengthen the Mulberry Group's balance sheet and provide financial flexibility to support plans being developed by Andrea Baldo, the new Chief Executive Officer, and the management team to return the business to profitability and drive future growth.

The Osborne Clarke team that advised Mulberry on the transaction was led by Partner Mark Wesker who was assisted by Senior Associate Stuart Miller.

Osborne Clarke's Corporate team is considered a go-to practice for many companies, working with global businesses in a range of sectors including retail and consumer travel sector. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.

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