Luxury Goods
Mulberry raises £20m from shareholders amid £31.8m FY loss
The new funds will support investments aimed at achieving its medium-term targets of over £200m in annual revenues and a 15% adjusted EBIT margin
British lifestyle brand Mulberry has unveiled a £20m fundraising in a bid to support its turnaround strategy, after reporting a £31.8m loss before tax in the year to 29 March due to revenues falling in a challenging luxury market.
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