UK's Mulberry Group's Finance Director Charles Anderson to resign (updated)

Mulberry

20/01/2025 09:57

(Adds background on company in paragraphs 1 and 2; details on
Anderson in paragraph 4)
       Jan 20 (Reuters) - UK luxury brand Mulberry Group
 MUL.L  said on Monday that Charles Anderson, the firm's group
finance director, would step down from his role on Jan. 31.
    The resignation comes just two months after the luxury
handbag maker announced plans to streamline its operations post
reporting a wider first-half loss.
    Mulberry, which rejected multiple takeover approaches from
its second-biggest shareholder Frasers  FRAS.L , appointed new
CEO Andrea Baldo in September last year and raised capital
in efforts to turn around its struggling business.
    Anderson, who joined the company as its finance head in 2019
will continue in the business till Aug. 1 to assist with the
handover of responsibilities. The company has already begun the
process to identify a successor for the role.

 (Reporting by Raechel Thankam Job; Editing by Rashmi Aich)
 ((mailto:RaechelThankam.Job@thomsonreuters.com;))