Mulberry news and archive

Mulberry: H1 losses widen and revenues decline by 19 percent

British handbag maker Mulberry reported a 19 percent decline in revenues to 69.7 million pounds for the six months to September 30, 2024, while the company’s losses widened by 23 percent to 15.7 million pounds. Mulberry appointed Andrea Baldo as its new chief executive in September. Commenting on the half year trading, Baldo said in a statement:...

BusinessFeatured

British heritage brand Mulberry faces painful restructuring

The once-celebrated British leather goods house Mulberry is set to slash nearly a quarter of its corporate workforce, eliminating 85 positions from its 350-strong staff base, according to Business of Fashion. The dramatic restructuring follows a failed takeover attempt by Frasers Group and signals a bid to return to profitability through...

Business

Frasers Group abandons Mulberry bid amid governance tensions

Frasers Group has withdrawn its pursuit of British luxury brand Mulberry after facing unanimous rejection of its proposed 150p per share offer, highlighting growing tensions between the retail conglomerate and the heritage label's board. The Mike Ashley-founded group, which has been strategically pivoting towards premium retail through...

People

Mulberry non-exec announces departure

Luxury label Mulberry has announced that its long-time non-executive director, Julie Gilhart, will not be seeking re-election at the next annual general meeting. As such, Gilhart, who has come to the end of her current term, has opted to stand down as a director following the conclusion of the meeting. In a regulatory filing, chairman of...

Business

Mulberry founder suggests LVMH ‘step in’ following Frasers offer

A week on from when Frasers Group brought forth a takeover offer for Mulberry, the founder of the luxury brand has come forward with his own take on the situation. Roger Saul, who founded the firm in 1971, has suggested that French luxury giant LVMH would be a more appropriate suitor for a takeover of the brand, which has now entered an offer...

Business

Frasers Group increases shares in Mulberry following offer rejection

Just a few days after the British luxury leather goods brand Mulberry rejected a takeover attempt by the British retail group Frasers Group Plc, Frasers has now increased its stake in the traditional British brand. As revealed in a statement, Frasers subscribed to 3.96 million shares at a price of 100 pence per share. Mulberry, which is listed...

BusinessFeatured

Mulberry rejects Frasers Group takeover bid

Luxury brand Mulberry has said that it has rejected a takeover bid made by Frasers Group after consulting with the company’s 56.1 percent shareholder, Challice Limited. Frasers, which currently holds 36.8 percent of Mulberry’s shares, made an offer on September 30 to purchase the entire issued and to be issued share capital of the brand that it...

BusinessFeatured

Frasers makes bid for Mulberry following lacklustre FY24 and capital raise announcement

Frasers Group has announced that it has made a bid for the struggling luxury brand Mulberry on the back of the company’s FY24 financial report in which it revealed that there was a “material uncertainty going concern”. Frasers, which currently owns 37 percent of the British brand’s shares, said it would “not accept another Debenhams situation...

BusinessFeatured

Mulberry achieves B Corp certification

Luxury heritage brand Mulberry is the latest British fashion company to achieve B Corp certification. Mulberry scored 87.1, above the B Corp requirement pass mark and ahead of the industry standard of 80.9. The fashion house said it earned notable points for unlocking Impact Business Models, ways that a business is designed to create a specific...

Fashion |In Pictures Featured

Mulberry launches collaboration with Rejina Pyo

British heritage brand Mulberry, which has collaborated with the likes of Paul Smith, Nicholas Daley, Richard Malone, and Priya Ahluwalia, is placing the spotlight on UK-based South Korean designer Rejina Pyo with a new limited-edition collection as part of its Mulberry Editions series. The collaboration sees Pyo, who is celebrating the...

Fashion

Mulberry founder Roger Saul to auction off personal archive

Mulberry’s founder Roger Saul is actioning off pieces from his personal archive at London-based auction house Dreweatts next month. The auction will take place on August 7 and features pieces from Saul’s personal Mulberry archive, collected over 50 years, including handbags, fashion, shoes, luggage and accessories, as well as home interiors,...

Fashion |In Pictures

Mulberry launches capsule collection with Eleventy

British heritage brand Mulberry has teamed up with luxury label Eleventy to create a timeless summer capsule collection of ready-to-wear, bags and accessories. The collaboration, which spans men’s and women’s, aims to blend the best of British and Italian style and features signature garments from the Milanese brand reimagined alongside a...