The chairman of luxury leather goods company Mulberry, Roger Saul, insisted today he has no plans to step down despite calls from major shareholder Challice for him to quit.

Mr Saul said he received a letter from Singaporean billionaire Christina Ong and her family, which hold a 41.5 per cent stake in Mulberry, demanding an emergency meeting to ask for his removal as a director.

Mulberry’s board said in a statement on Sunday it was fully behind Mr Saul and claimed Challice has failed to fulfill its promise of expanding the brand in the US.

Mr Saul said: "I am deeply disappointed by this action of the Ongs, and their company Challice. They have repeatedly tried, by various means, to take control of Mulberry over the past year. But I am certainly not about to step down."