LONDON — Mulberry, the British accessories and ready-to-wear brand, said Thursday that net profits fell 13 percent to 3.4 million pounds, or $6.9 million, on a 13.5 percent increase in sales to 51.1 million pounds, or $102.7 million, in the year ended March 31.
In the previous year, profits were 3.9 million pounds, or $7.9 million, on sales of 45 million pounds, or $90.4 million. All dollar figures have been converted from the pound at average exchange rates for the period.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"