Home / Knowledge / News / Apparel/Garments / Operational tactics help Mulberry profit in 2016
Operational tactics help Mulberry profit in 2016
20
Jun '16
UK based luxury brands manufacturer Mulberry Group posted profit after tax of £2.7 million in the year ended March 31, 2016 as compared to loss after tax of £1.4 million in 2015 because of the operational strategies adopted by the company in the year.

The company made large scale investments in omni-channel, product design and creative talent. Johnny Coca, the company's new creative director presented his first collection at London Fashion Week in February. A license agreement was signed to manufacture and co-distribute the company's ready-to-wear and shoes from its Autumn Winter collection.

Profit before tax posted by the company for the year was £6.2 million as compared to £1.9 million in 2015. Earnings per share stood at 4.5p as compared to loss of 2.3p the previous year.

“Mulberry has made significant progress during the last financial year with solid growth achieved in revenues and profit.  The first collection introduced by our new creative director, Johnny Coca, has been well received by both the UK and international press and partners,” Thierry Andretta, CEO of Mulberry said commenting on the results. 

“Our UK manufacturing base, which produces c. 50 per cent of our bags, has remained a core strength and point of distinction. We have built a strong foundation for future growth as a result of the investment made in product design and development as well as our omni-channel infrastructure,” he stated.

 Looking forward, we will invest further in developing exciting new product, whilst continuing to engage with our core UK and growing international customer base, Andretta added.

Following the arrival of Johnny Coca, there has been significant investment in building the creative team and in refreshing the collections with new designs.  This process will continue and will contribute to an increase in overheads for the year. 

At the same time, the elevated number of new product introductions during the year is likely to affect factory efficiency. (MCJ)

Fibre2Fashion News Desk - India


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Ritu Kumar
Label Ritu Kumar

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search