Rising leather prices hit Mulberry in the pocket - leatherbiz: Leading Leatherbiz

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Rising leather prices hit Mulberry in the pocket

09/12/2013
UK leathergoods brand Mulberry has reported that its profit for the first six months of the year fell 28% after soaring leather prices and investment in a new factory and stores impacted results.

However, its CEO, Bruno Guillon, said he was happy with the company’s progress in a difficult environment and said it is on target to open 15 stores this financial year.

Revenues rose 2% to £78.1 million in the six months to September 30, while pre-tax profits were down from £10 million to £7.2 million. 

The company is still looking for a creative director after the highly-regarded Emma Hill left in September.





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