UK's Mulberry Group chalks out profitability plan with UK, US focus (updated)

Mulberry

30/01/2025 07:24

(Rewrites throughout with details on market refocus)
       Jan 30 (Reuters) - UK luxury brand Mulberry Group
 MUL.L , on Thursday, unveiled a plan to return to
profitability, including by focusing on the UK market,
accelerating growth in the U.S. and re-align operations in Asia
with reduced emphasis on China.
    Mulberry also said it was working on reducing operating
costs by about 25% on an annualised basis compared to 2024.
    The company also said it had named Billie O'Connor as its
new finance boss.

 (Reporting by Chandini Monnappa in Bengaluru; Editing by Rashmi
Aich and Savio D'Souza)
 ((Chandini.M@thomsonreuters.com; +918061822697;))