Home / Knowledge / News / Apparel/Garments / Operational tactics help Mulberry profit in 2016
Operational tactics help Mulberry profit in 2016
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

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

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

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


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


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