Mulberry news and archive

House of Fraser, difficult UK market impact Mulberry's profits

For the six months to September 30, 2018, Mulberry Group reported underlying loss of 3.6 million pounds (4.7 million dollars) compared to 0.6 million pounds last year. The company said, after accounting for one off costs for House of Fraser provisions and the Korea launch, the loss before tax was 8.2 million pounds (10.7 million dollars. Group...

ManagementFeatured

Mulberry, first victim of HoF’s collapse ripple effect

The British upscale fashion and accessories brand has warned that House of Fraser (HoF) collapse will have a negative impact on its finances. Mulberry is one of the many HoF’s creditors that won’t be able to get back the money they lent to the failed department store chain. Earlier this month Mulberry Group PLC (LON:MUL) issued a profit warning...

Fashion

Mulberry to launch eyewear line with De Rigo Vision

British luxury brand Mulberry is set to launch a new range of eyewear, after signing a new licensing deal with Italian company, De Rigo Vision. In a short statement, Mulberry confirmed that De Rigo would manufacture and co-distribute Mulberry eyewear, with the first collection expected to launch for spring/summer 2019. The collection of...

Management

Mulberry: UK retail sales suffer but grow 20 percent abroad

The Mulberry Group said that it made progress during the year with profit from its business in the UK, Europe, North America and wholesale increasing by 36 percent to 11.3 million pounds (15 million dollars), which the company added, reflected a focus on new products and network optimisation. Group revenue grew by 1 percent to 169.7 million...

Video

Video: Mulberry AW18 catwalk in 360

Mulberry collection Fall Winter 2018/2019, February 2018, London Fashion Week. Source: British Fashion Council, YouTube

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Mulberry reports positive growth in international markets

Total revenue at Mulberry of 74.6 million pounds (100 million dollars) was, the company said, in line with the prior year. The company said that retail sales increased, with the UK flat and international showing growth, while wholesale sales decreased, primarily reflecting the acquisition of two stores in North Asia. Mulberry added, a focus on...

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Mulberry launches joint venture with Onward Global Fashion

London - British luxury fashion house Mulberry has formed another joint venture in Asia, as the company continues to significantly invest in boosting its business overseas. Mulberry Group announced it had signed an agreement with Onward Global Fashion (OGF), its current licensing partner in Japan, to form a new 50:50 joint venture to operate its...

ManagementFeatured

Mulberry's annual revenues witness 8 percent revenue growth

Mulberry said in its preliminary results announcement that total revenue grew by 8 percent to 168.1 million pounds (214 million dollars) for the year ended March 31, 2017. Profit before tax was 7.5 million pounds (9.5 million dollars) against 6.2 million pounds (7.8 million dollars) last year. Commenting on the company’s annual results, Thierry...

Fashion

Mulberry ending runway show

Mulberry has been playing financial tango lately. In 2015, the brand saw a steep decline in profits, to see profits increase after a price in handbag cuts last year, but it still wasn't enough to return the brand to peak financial performance. In their latest efforts for a financial turnaround, the brand has announced they will be forgoing show...

ManagementFeatured

Mulberry launches separate Asian company

British luxury label Mulberry has announced it's new Asian-focused company Mulberry Asia is set to begin trading in Hong Kong from April 3. The new company comes following a business agreement with Challice Limited and will see Mulberry Asia operate the group’s operations in Hong Kong, China and Taiwan. Read more: Mulberry to start new business...

Fashion Featured

London Fashion Week AW17: Accessories Round-Up

From the ice queen at Sophia Webster to a murder mystery at Charlotte Olympia, styles inspired by British aristocracy at Mulberry and a winter rainbow of jewel tones at Hill and Friends, no longer are accessories just styling to a catwalk show, London Fashion Week has shown that accessory designers are making their mark as key players on the...

Fashion

Which brands tapped into Instagram Live for LFW AW17

London - The 65th edition of London Fashion Week saw designers and brands alike embracing social media as never before, which included the first time debut of Instagram Live video feature. Instagram has become a rapid game changer for the fashion industry, as it has transformed the way fashion is viewed, shared, consumed as well as created...