Billionaire Mike Ashley’s Frasers Group is walking away from an attempted takeover of Mulberry Group Plc but is still pushing for a board seat at the British handbag maker.Frasers said Mulberry had not properly engaged with its offer to buy the remainder of the company,

(Reuters) -British sportswear and apparel retailer Frasers Group walked away from its attempts to buy Mulberry on Wednesday, citing a lack of engagement from the British luxury brand's board after two proposals were rejected.

The U.K. online fashion retailer has ended a near monthlong battle to take control of the British luxury brand.