Fraser Group, formerly known as Sports Direct International, a British retailing group, agreed to acquire a 12.5% stake in Mulberry, a designer, manufacturer and seller of leather accessories, clothing and interior design collections. Financial terms were not disclosed. "A key strategic priority for Frasers Group is the elevation of our retail proposition and building stronger relationships with premium third-party brands. Frasers Group looks forward to working more closely with Mulberry for the benefit of shareholders of both companies," Fraser Group.