Mulberry

Mulberry chairman Godfrey Davis to step down

Mulberry has announced that its chairman, Godfrey Davis, intends to step down from the board of directors on 30 September 2022. The board said it would “like to put on record” its thanks for his outstanding contribution. Davis has been with the company since joining in 1987, first as a…

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How luxury brands are turning to young consumers to boost sales

Despite the cost-of-living crisis having a firm grip on consumers, it seems that luxury brands are finding ways to retain and attract young customers through refreshing their campaigns, diversifying their offering and leaning into sustainable initiatives. Hugo Boss kicked off 2022 with “social-first” campaigns, for example, that made use of…

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Mulberry profits rise to £21m as revenues jump 35%

British luxury fashion brand Mulberry has posted profits before tax of £21.3m for the 53-week period ended April 2022, up from £4.6m the previous year, as its revenues reflected “strong recovery post Covid-19”. It revealed group revenue increased 32% during the period to £152.4m, with UK retail sales also up…

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Mulberry sees profits rise amid post-pandemic sales boost

Mulberry Group has reported that its revenues increased 32% to £152.4m compared with £115m in 2021, which it said reflects its strong recovery post pandemic.  In its preliminary results for the 53 weeks ended 2 April 2022, Mulberry reported profits before tax reached £21.3m, up from £4.6m in 2021, however,…

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Mulberry profits to be ahead of expectations

Luxury fashion retailer, the Mulberry Group, has announced its full year revenues and profits are to be “moderately” ahead of expectations, according to its trading update for its financial year ending 2 April 2022 (FY22). The “robust” sales trend delivered in the first half of FY22 has continued throughout the…

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VF Corporation appoints VP of investor relations

VF Corporation, a branded lifestyle apparel, footwear, and accessories group, has appointed Allegra Perry to the position of vice president, investor relations, effective January 2022.  In her new role, Perry will report to VF’s CFO Matt Puckett, and be responsible for leading all aspects of VF’s investor relations program.  She…

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Reformation to launch Covent Garden flagship

Sustainable fashion brand Reformation has agreed terms to launch a new London flagship store in Covent Garden. Opening at 27 King Street, the retailer’s latest flagship store follows from its first London site which opened in August 2019. Reformation was founded in 2009, and acts water, waste, and carbon neutral…

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Frasers Group ends Hugo Boss rumours

Mike Ashley’s Frasers Group has denied rumours that it plans to launch a takeover bid for luxury fashion house Hugo Boss. The claim was first reported in the Telegraph on Friday 21 May, resulting in a 7% jump in shares at the premium fashion brand. However, in a London Stock…

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Mulberry launches sustainability manifesto

Luxury fashion house Mulberry has launched a new sustainability manifesto, which outlines the company’s “ambitious commitments” to transform the business to a “regenerative and circular model”, encompassing the entire supply chain by 2030. The launch of the “Mulberry Made to Last” manifesto marks the group’s 50 anniversary year as a…

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Frasers Group increases stake in Hugo Boss

Mike Ashley’s Frasers Group has increased its stake into luxury retailer Hugo Boss to around 15%.  Frasers revealed it now has interests 3,611,700 shares of common stock, representing 5.1% of Hugo Boss’s total share capital and  3,377,465 shares of common stock via contracts for difference, representing 4.8% of Hugo Boss’s…

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