Mulberry
This coverage examines Mulberry’s strategy, operations, and performance in the UK luxury retail and accessories market. Reporting covers store launches, financial results, sustainability initiatives, leadership changes, and brand positioning. Aimed at retail executives, buyers, and brand managers monitoring premium fashion trends, consumer demand, and competitive dynamics in the luxury sector.
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Nov- 2024 -20 NovemberHealth & Beauty
The Body Shop appoints new CMO and CFO
The Body Shop has announced the appointments of Penny Brook and Sally Dowling as its new chief marketing officer and chief financial and operations officer, respectively. Brook began her marketing career at Mulberry England where she worked as an international marketing manager for a year. She then moved on to…
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19 NovemberNews-In-Brief
Today’s news in brief-19/11/24
Morrisons has achieved a significant reduction in its debt, cutting it by £2.4bn as part of a major restructuring. Since the start of 2023, the supermarket’s debt has dropped from £6.2bn to £3.8bn, supported by a £370m ground rent deal with Song Capital. The restructuring extended Term Loan Facilities to…
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19 NovemberLuxury Goods
Mulberry to ‘rebuild’ business after losses widen and sales plunge 19%
Mulberry has seen its losses widen to £15.3m in its half-year results, up from a previous loss of £13.5m, as sales plummeted amid a period of “significant uncertainty” for the business. In the half-year ended 28 September 2024, revenues fell by 19% to £6.1m, with UK sales down by 14% to…
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Oct- 2024 -22 OctoberNews-In-Brief
Today’s news in brief-22/10/24
Mulberry’s board has backed Challice, the majority shareholder, in rejecting Frasers Group’s increased £111m takeover bid. Challice made it clear last week that it has no intention of selling its shares or offering any commitment to Frasers. Mulberry’s board emphasised its unanimous decision to reject the offer, focusing instead on…
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22 OctoberLuxury Goods
Mulberry board backs decision to reject Frasers bid
The board of Mulberry has backed the decision by majority shareholder Challice to reject the improved £111m takeover bid from Frasers Group. Challice stated last week that it had “no interest in either selling its Mulberry shares to Frasers or providing Frasers with any irrevocable or other undertaking with regards…
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21 OctoberNews-In-Brief
Today’s news in brief-21/10/24
Frasers Group has agreed to sell its 20.3% stake in N Brown for £191m to Falcon 24 Topco Limited, owned by Joshua Alliance. Despite divesting from N Brown, Frasers looks forward to a strategic relationship with Alliance. Concurrently, Frasers is pursuing the acquisition of luxury brand Mulberry, raising its offer…
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21 OctoberNews
Frasers backs N Brown takeover deal amid Mulberry plans
Frasers Group has confirmed that it backs the takeover deal of N Brown by the Alliance family and has agreed to the sale of its 20% stake in the company for £38m, as it continues its efforts to strike a deal with luxury brand Mulberry. Frasers Group, owner of Sports…
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18 OctoberAnalysis
A look at Mulberry’s financial struggles and future prospects
Once a darling of the British fashion scene in the 2000s, Mulberry was a go-to accessory for trendsetters like Alexa Chung with its signature leather handbags, such as the Bayswater. However, the group is now grappling with a financial crisis, reporting a pre-tax loss of £34.1m for the year ending…
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14 OctoberNews-In-Brief
Today’s news in brief-14/10/24
Mulberry’s majority shareholder has rejected an increased bid from Frasers Group, which had offered £111m to take control of the luxury fashion brand. Frasers, already owning 37% of Mulberry, raised its offer to 150p per share after a previous £83m bid was turned down. However, Mulberry’s majority shareholder, Challice, expressed…
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14 OctoberLuxury Goods
Mulberry’s majority shareholder rejects increased Frasers bid
Mulberry’s majority shareholder Challice has turned down an increased bid of £111m from Frasers Group as it has “no interest in selling”. Chalice pointed out that Frasers would be unable to take over Mulberry without its support. Frasers, which already owns 37% of Mulberry, raised its offer for the retailer…
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