Home / Knowledge / News / Apparel/Garments / Luxury brand Mulberry delivers strong results in FY'12
Luxury brand Mulberry delivers strong results in FY'12
Jun '12

Mulberry Group plc, the English luxury brand, is pleased to announce its results for the year ended 31 March 2012.

Financial Highlights

  • Total revenues increased by 38% to £168.5 million (2011: £121.6 million)
  • Profit before tax up 54% to £36.0 million (2011: £23.3 million)
  • Basic earnings per share up 47% to 43.9p (2011: 29.8p)
  • Proposed dividend of 5.0p per share (2011: 4.0p per share)

Operating Highlights

  • Bruno Guillon appointed CEO, with Godfrey Davis moving to Non-Executive Chairman
  • 14 new stores opened during the year in the UK, the Netherlands, the USA, Korea, Singapore, Thailand and Taiwan
  • Global expansion continued with international revenues growing 61% to £65.2 million (2011: £40.5 million), accounting for 39% of Group revenues (2011: 33%)
  • Online sales grew 58% to £14.5 million, accounting for 9% of Group revenues (2011: 8%)
  • UK factory extension completed, increasing UK production capacity by 30% and creating 60 jobs

Current Trading and Outlook

  • Retail sales up 12% for the 10 weeks to 9 June 2012.  UK full price stores like-for-like up 14%
  • Autumn/Winter 2012 third-party wholesale orders 11% higher than the Autumn/Winter 2011 season at the same time last year
  • 16 new international store openings confirmed for 2012/13
  • Second factory to be built in Somerset, doubling UK capacity and creating 300 jobs

Godfrey Davis, Chairman Commented:

"This year has seen us deliver another strong set of results and we have performed well against expectations.

While the current economic conditions make the short term trading outlook more challenging in some markets, we remain confident about Mulberry's long term future.  We continue to focus on developing our business internationally, opening new stores and building the foundations for long term growth.

The investment in a second factory in the UK will reinforce the Group's position as the largest UK manufacturer of luxury leather goods."

Mulberry is a British design company renowned world-wide for its craftsmanship and quality. The brand’s backbone is an extensive line of luxury fashion bags for men and women that combine stylish, stand-out design with the finest leathers and detailing. In addition to leather goods, Mulberry's product range includes womenswear, accessories and footwear.

Mulberry Group plc

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search