Mulberry - a money tree

Luxury Goods

Mulberry Group reported a 14% revenue increase for its fiscal year ended 31 March to £58.6 million (A$116.4m) with profit for the year falling 19.2% to £4.2 million (A$8.3m).

The brand continues to expand internationally opening last year in Athens, Copenhagen, Dubai and Kuwait with additional doors planned for Qatar and Finland this year.

Online sales grew 38% during the year and have become a vital revenue stream for the brand.

During the first 10 weeks of the fiscal year started 1 April, Mulberry sales are up 26% with same store sales increasing 21%. “The current financial year has started well,” admits Mulberry Chairman and CEO Geoff Davis.