Chief executive officer Thierry Andretta said the group had reacted swiftly to the impact of the pandemic, managing capital and reducing costs to protect its “robust” liquidity position.
The company has been shape-shifting, due partly to the effects of COVID-19, tightening operations and planning to lay off about 25 percent of its workforce.
The brand said 25 percent of the workforce, approximately 474 workers, could lose their jobs internationally, and across the various business divisions.
All customers will pay the same price for Mulberry products, regardless of where they buy them.
The British brand said it had expected to be profitable, and cash generative, in the six months ended March 28.
The brand has begun a hunt for Coca’s successor.
The brand wants customers to treasure their old bags, consider vintage and pay special attention to the hardworking Mulberry craftsmen in Somerset, England.
The purchase is part of a wider-ranging strategy in the Far East and internationally.
First-half revenues were down and losses grew into the millions in a tough start to the year.
Do hoodies and denim belong to a particular season? Designers are asking themselves the same question and opting for trend-free, season-free collections.
The brand reported a spike in profit for fiscal 2016-17 on the back of rising sales and retooled strategies.
Brand sees benefits, drawbacks from weaker pound.
Retail sales were up 9 percent in the first 11 weeks of the British firm’s fiscal year.