Mulberry’s H1 Profits Fall

LONDON — Mulberry Group is in growth mode — and paying the price of expansion.

On Thursday, Mulberry reported a fall in first-half profits to 5.1 million pounds, or $8 million, from 7.3 million pounds, or $11.4 million, due to the costs of international expansion and the timing of the brand’s seasonal deliveries to its retail outlets.