Christina Ong, the owner of London’s Metropolitan and Halkin hotels, is to take control of the luxury, handbags, clothing and furnishings group, Mulberry.

The company last week announced it was raising £3.5 million ($5 million) through a two-for-seven open offer at 28p ($0.40) a share. Mrs Ong expects her shareholding to increase from 41.5% to a maximum of 56.6%.

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