Mulberry
This coverage examines Mulberryโs 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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Sep- 2024 -30 SeptemberNews
Today’s news in brief-30/9/24
Boohoo is reportedly considering a break-up of its business, following pressure from shareholders to revive the companyโs declining fortunes. Boohooโs share price has dropped by over 85% in the last five years, and the company has faced widening losses. The board is said to be contemplating spinning off its core…
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30 SeptemberLuxury Goods
Mulberry to raise ยฃ10m amid ยฃ34m loss in FY24
Mulberry has announced a plan to raise ยฃ10m as it faces a loss before tax of ยฃ34.1m for the year ended 30 March 2024.ย The retailer attributed the result to reduced revenue and margin in the period, along with increased operational costs.ย Group revenue was down 4% to ยฃ152.8m with…
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May- 2024 -1 MayLuxury Goods
Mulberry revenues decline 4% in FY24
Mulberry Group revenues fell by 4% in the year ended on 30 March compared to the previous year against a backdrop of challenging macroeconomic conditions and a decline in luxury consumer spending.ย Losses for the full year will be impacted by the additional operational costs of new stores in Sweden…
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Jan- 2024 -17 JanuaryNews
Today’s news in brief-17/1/24
In a surprising turn of events, inflation in December exceeded economists’ predictions, rising to 4%, contrary to the forecasted decrease to 3.8%. The Office for National Statistics (ONS) reported that the upswing was driven by increases in fuel and tobacco prices. Notably, alcohol and tobacco division prices surged by 12.8%,…
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17 JanuaryClothing & Shoes
Mulberry revenue falls 8.4% amid luxury spending slowdown
Mulberry has revealed that its group revenue dropped 8.4% for the 13 weeks ended 30 December 2023. The company stated that this was impacted by the challenging macroeconomic backdrop and decline in luxury consumer spending. Mulberry also revealed that in the run up to Christmas it maintained its full price…
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Nov- 2023 -30 NovemberNews
Today’s news in brief-30/11/23
Castore has successfully secured a ยฃ145m investment in a funding round led by Raine Partners. This investment aims to further disrupt the premium sportswear market and expand the brand’s global reach. Castore plans to develop its product range, enhance infrastructure, and invest in its people. The company, on track for…
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30 NovemberLuxury Goods
Mulberry H1 losses leap 79% despite healthy revenues
Luxury fashion group Mulberry revealed that operating losses grew 79% to ยฃ10.4m, despite a 7% increase in revenues to ยฃ69.7m for the half year ended 30 September.ย The retailer also sustained an underlying loss before tax of ยฃ12.3m, which increased from ยฃ2.8m in 2022. This included ยฃ3.3m of SaaS costs,…
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Aug- 2023 -25 AugustClothing & Shoes
Quiz non-exec director steps down
Fast fashion brand Quiz has announced that non-executive director Charlotte O’Sullivan intends to step down from the board of directors on 30 November 2023. The decision to step down comes as OโSullivan relocates overseas. Given this OโSullivan will not be proposed for re-election as a director at the group’s annual…
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24 AugustPeople Moves
Mulberry appoints new non-executive director
British luxury brand Mulberry has announced the appointment of Leslie Serrero as an additional independent non-executive director, following the conclusion of its Annual General Meeting on 7 September 2023. Serrero, who is a French national, has extensive experience of luxury brand leadership. She has been an international managing director of…
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4 AugustLuxury Goods
Mulberry revenues up 4% in FY23 despite UK sales drop
The luxury handbag brand, Mulberry, has revealed that revenues increased 4% to ยฃ159.1m for the year ended 1 April, an increase from ยฃ152.4m recorded in 2022.ย While UK retail sales only reached ยฃ87.7m, after reaching ยฃ88.5m in the previous year, performance improved in the second half. The group attributed its…
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