The luxury group reported that pretax profits rocketed 358% to £23.3m for the financial year that ended on 31 March, up from £5.1m the previous year. Revenues surged 69% to £121.6m.
Demand for its Alexa
, Tillie and Edie
bags pushed the company to open nine new stores globally over the past year. Sales in its Paris and New York stores more than doubled, leading the company to double handbag production to keep pace with global appetite for its styles.
The ramp-up is expected to continue into the next financial year.
Strong demand in all markets has continued into the new financial year and the outlook for the Mulberry
brand is positive, Chairman Godfrey Davis said in an end-of-year financial statement. While we remain cautious about the global economic environment, we are focused on accelerating our international expansion.
Take a look at Mulberry's latest womenswear collection...