Mulberry signs footwear partners to create ‘lifestyle' brand
15/12/2015
While its main focus will remain bags, it said shoes have potential for growth and are an important factor in building the lifestyle image that will help develop Mulberry internationally.
“After careful analysis, we have concluded that licensing the manufacture and distribution of shoes and ready-to-wear will enable us to deliver best-in-class quality while achieving our target price range. We have signed a letter of intent with high-quality third-party partners who have been selected based upon their proven track record in the luxury industry.”
Mulberry reported a £100,000 pre-tax profit for first half, compared with a loss of £1.1 million in the prior-year period.
Revenue was up 5% to £67.8 million, with retail sales up 10%.
Image: Mulberry CEO Thierry Andretta
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