Mulberry falls as UK sales struggle

By
0 mins. to read
Mulberry falls as UK sales struggle
Chrispictures / Shutterstock.com
Master Investor Magazine

Master Investor Magazine 56Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

AIM-listed fashion accessories firm Mulberry (LON:MUL) has seen its share price drop by 4.20% to 268.25p (as of 10:30 GMT) after its loss for the half year ended 28th September due to tough UK market conditions. International sales rose by 12% driven by East Asian markets, but UK sales fell by 4%.

CEO Thierry Andretta commented: “We have made further progress with our strategy through continued investment in a direct to customer, International, Digital and omni-channel model.

We are seeing the benefit of recent initiatives in Asia which remains a significant growth opportunity. This will support our ambition for international  to become a greater proportion of group revenue.

As part of our approach to sustainability, we are progressing the use of recycled materials and sourcing 65% of our leathers from environmentally certified tanneries while maintaining an accessible luxury price positioning.

Looking forward, we will continue to build Mulberry as a global luxury brand with a strong focus on sustainability and innovative product, appealing to both our existing customers and new audiences“.

On 30th July at 1pm we’ll be holding the next live Q&A webinar with the Master Investor himself, Jim Mellon. Please share a question for Jim below and we’ll try to answer as many as possible in the live webinar. Sign up for the webinar here.

Are you interested in joining Jim's webinar?


Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *