Mulberry Profits Quadruple
What a fitting birthday gift!
British brand Mulberry is celebrating its 40th anniversary this year, and on June 16, the company announced that its profits have quadrupled in the last year.
According to the Telegraph, Mulberry has doubled the production of women’s handbags and is expanding its Somerset factory by 30 percent. Bags are arguably the bread and butter of the brand, which has sparked It-bag crazes with styles like the Bayswater and the Alexa, named after Alexa Chung.
And in addition to its new flagship on New Bond Street in London, Mulberry has opened nine new stores in the last year alone, from Hong Kong to Qatar to Sydney.
"Strong demand in all markets has continued into the new financial year and the outlook for the Mulberry brand is positive," said Mulberry chairman and chief executive Godfrey Davis, "While we remain cautious about the global economic environment, we are focused on accelerating our international expansion."
For more on Mulberry, check out the brand’s 40th anniversary commemorative book.
