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Retail Asia10/06/2020

Mulberry is culling about 25 percent of its staff worldwide as it right-sizes in the wake of the Covid-19 pandemic. In a statement, the UK-based fashion brand said that while it has been able to reopen most of its stores in China and South Korea – and some in Europe and Canada – the majority remain […]

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Retail Asia10/07/2019

Expansion into Asia has weighed on British luxury bag label Mulberry’s bottom line, but the company is confident the foray will bear fruit. Mulberry reported a pre-tax loss of £5 million in the year to March 30, a sharp contrast to a £6.9 million pre-tax profit the previous year. The other major contributor to the […]

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Retail Asia08/03/2019

British luxury brand Mulberry is excited to announce the launch of its brand f lagship on Tmall’s Luxury Pavilion – Alibaba Group’s dedicated platform for premium brands. This launch is an important step in Mulberry’s strategy to develop the brand presence in China, providing access to a substantial local customer base through the world’s second […]

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Retail Asia14/11/2018

Strong Asia performances helped mitigate falling UK Mulberry sales in the latest half year. While the UK fashion house’s total revenue was down 8 per cent to £68.3 million, international sales were up 13 per cent. Within that figure, new entities in South Korea and Japan saw the company’s retail chain expand to 29 stores, […]

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Retail Asia13/09/2018

Mulberry has set its sights firmly on Seoul and South Korea. After Tommy Hilfiger’s show in Shanghai, it is now the turn of the British luxury leather goods label to tread the catwalks in Asia. For four days, Mulberry will be staging a series of events in the South Korean capital, for its ‘Mulberry x […]

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Retail Asia18/06/2018

Despite a profit decline for its latest year, UK luxury leathergoods company Mulberry Group plans to form a JV to develop its business in South Korea. It says it has signed an agreement with SHK Holdings to form Mulberry (Korea) Co. It will own 60 per cent of the new entity and the two companies […]

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Retail Asia14/06/2018

Mulberry Group PLC (MUL.LN) said Wednesday that fiscal 2018 pretax profit declined 8% and that it will form a new majority-owned joint venture to develop its business in South Korea. The luxury leather-goods company said it has signed an agreement with SHK Holdings Ltd. to form a new entity called Mulberry (Korea) Co. Mulberry said […]

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Retail Asia13/04/2018

Luxury leather goods retailer Mulberry has flagged Australia as one of its next international targets and has inked a deal with Luxury Retail Group to help it oversee its local expansion. Three stores have already been leased, including a 244-metre squared corner site in Melbourne’s renowned Emporium centre, which will open in July and serve […]

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Retail Asia08/12/2017

UK-headquartered luxury fashion retailer Mulberry Group plans to launch in Hong Kong. Announcing its first half-year results, the brand revealed plans – but no details – to expand in both Hong Kong and Mainland China through an omnichannel strategy. Other, unidentified global markets are on its radar as well. The news follows the success of […]

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Retail Asia10/07/2017

Luxury fashion and accessories brand Mulberry has added another joint venture (JV) in Asia with news that it has signed an agreement with existing license partner Onward Global Fashion to form a 50:50 JV company to operate its business in Japan. UK-based Mulberry said the new company will benefit from its digital and brand building capabilities coupled with […]

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Retail Asia16/06/2017

Luxury fashion brand Mulberry saw profits jump due to expansion in Asia, a rise in digital sales, and increased efficiencies, the group reported on Wednesday. Profit before tax was up 21% at the end March 2017, compared to a year previously. Sales from digital grew by 19%, and now make up 15% of the Group’s […]

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Retail Asia30/03/2017

English luxury brand Mulberry Group has launched Mulberry Asia in partnership with Challice, which will run its business in China, Hong Kong and Taiwan. Mulberry Asia will start trading in Hong Kong from April 3, with a subsidiary in China and a branch office in Taiwan expected to follow this year. Mulberry owns 60 per […]

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Retail Asia10/12/2016

Mulberry Asia, a new joint venture between the British fashion brand and Challice Limited, has announced plans to open four stores in Hong Kong, China and Taiwan and a Chinese language eCommerce site. The move was announced along with the company’s half year results which saw sales rise 10 per cent, but the company posting […]

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Retail Asia27/08/2016

British footwear brand Jimmy Choo has outperformed luxury peers such as Burberry and Mulberry to post a strong set of growth figures for the first half of 2016. While competitors struggle with declining luxury demand in Asian markets, Jimmy Choo has bucked the trend and reported an impressive 22.1 per cent growth in Asia (ex-Japan) […]

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Retail Asia23/06/2016

British fashion retailer Mulberry has reported a strong set of results as it takes more direct control of its Asian distribution. With 2015/16 being the first full year with CEO Thierry Andretta and Creative Director Johnny Coca in charge, the results are a crucial indicator of the efficacy of their strategy. Thankfully, they did not […]

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Retail Asia20/12/2015

Tepid demand for luxury products in the once insatiable Asian markets is the only blemish on a remarkable comeback by British fashion brand Mulberry. After a tumultuous 2015 that saw a change in leadership and a strategic U-turn on pricing strategy, luxury retailer Mulberry has posted first half results that indicate a return to stability […]

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