Luxury handbag sales give Mulberry a major lift - leatherbiz: Leading Leatherbiz

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Luxury handbag sales give Mulberry a major lift

07/10/2010

Shares in UK-based luxury goods brand Mulberry rose 17% on October 7 after it published positive sales results. Share prices rose 67.5p to 465p as the company said it expected full-year sales and profits to beat expectations.

Sales in its UK shops have risen 57% over the last ten weeks, with its trademark leather handbags selling particularly well. More of its products are selling at full price and wholesale orders for the autumn season are expected to double. However, actual sales figures will be heavily dependent on trade over the Christmas period.



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