Mulberry eyes Celine designer Johnny Coca as creative director October 19, 2014 Mulberry’s year-long search for a new creative director may soon be at an end after it emerged this weekend that Celine designer Johnny Coca could be in the frame for the post. The luxury group is thought to have asked Coca, Celine’s head of leather goods and accessories, to become its new creative director, according [...]
Mulberry share price tanks to four-year low after issuing third profit warning October 14, 2014 Mulberry's share price plunged more than 27 per cent this morning after the premium handbag brand revealed its third profit warning this year. The British group, which is currently endeavouring to regain ground lost under former chief executive Bruno Guillon's disastrous attempt to shift it into the luxury market, said it expected profit for [...]
Retail sales on way up as trade deficit narrows – London Report June 7, 2015 DATA out this week might just provide some reasons to be cheerful, with retail sales numbers expected to show healthy growth during May. The British Retail Consortium sales monitor is expected to show strong year-on-year retail sales growth in May in data out tomorrow. According to Howard Archer at IHS Global Insight, this would “fuel [...]
International consortium buys up London South Bank scheme for £308m March 29, 2015 A consortium of British and international investors has bought up a £1bn office and residential development on London’s South Bank for £308m. UK’s Native Land, Singaporean sovereign wealth fund Temasek, Hotel Properties, run by the Singaporean family behind British handbag-maker Mulberry and Malaysia’s Amcorp Properties, have agreed to buy the site from Carlyle, the private [...]
London fashion Week draws in the crowds February 23, 2015 LONDON’S fashion elite were out in force this weekend after London fashion week kicked off on Friday, with shows from Topshop Unique and Emilia Wickstead, a favourite of the Duchess of Cambridge, boasting star-studded front rows. The UK’s two biggest listed fashion brands will showcase their autumn/winter collection today, with Burberry hosting its catwalk show [...]
From Hatton Garden heist to Eric Pickles in a pickle: Here’s what got us talking this week April 10, 2015 There was a jewel heist. There was plenty of oil. And somewhere in California, there was the world's first gathering of micronations. Here's what got us talking this week 1. There's oil in them there hills A huge oil well, thought to contain more of the black stuff than has been produced by [...]
Mulberry banks on cheaper bags to revive sales June 12, 2014 Mulberry is pinning its hopes on a new cheaper range of leather handbags to win back British customers after an ill-fated attempt to seem more upmarket sent profits tumbling last year. Under previous chief executive Bruno Guillon, who left the group in March, Mulberry was criticised for alienating its core customers after attempting to move [...]
Mulberry share price drops as profits slump June 12, 2014 Luxury brand Mulberry has seen its share price drop one per cent on the back of news that the company suffered a massive drop in profit before tax of 45 per cent for the year ended 31 March. The handbag maker has issued two profit warnings so far this year and lost its chief executive [...]
Mulberry hires the boss of Italian jeweller Buccellati as a non-exec June 10, 2014 MULBERRY has bolstered its board by hiring the chief executive of Italian luxury jeweller Buccellati as a non-executive director. The appointment of Thierry Andretta comes at a turbulent time for the luxury group, which has issued four profit warnings over the past two years. The firm is also searching for a new chief executive following [...]
Analyst Views: Following its results, do you think Mulberry is positioned for growth? June 12, 2014 HELEN NORRIS | BARCLAYS We would expect improvements as the year progresses against easier comparatives and with product launches. The recent Tessie Bag introduction has been received very well with full price like-for-likes recovering and there are hopes for the Cara Delevingne’s collection in September. JOHN CUMMINS | WH IRELAND Following the results, we leave [...]