Mulberry falls as UK sales struggle

0 mins. to read
Mulberry falls as UK sales struggle
Chrispictures /
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“.

Take part in our poll

Of the stocks covered by Master Investor in the weekly Small Cap Round Up, which ones do you hold?

The Master Investor Show 2020 tickets are now available. Join us at the Business Design Centre on Saturday 28 March 2020.

Book your FREE tickets today using code: MIBLOG

Comments (0)

Leave a Reply

Your email address will not be published.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


Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.