UK luxury firm Mulberry falls on revenue decline

Mulberry

30/01/2025 08:19

** Shares of Mulberry Group  MUL.L  down 2.6% at 95p
    ** The British luxury brand says group revenue in the 13
weeks ended Dec. 28 dropped 18.3%
    ** Co chalks out profitability plan, says to focus on UK and
U.S. markets and reduce emphasis on China
    ** Also appoints Billie O'Connor as chief financial officer
    ** Mulberry is targeting annual revenue of over 200 million
pounds ($249.1 million) and 15% adjusted EBIT margins over the
mid-term
    ** MUL shares fell ~36% in the last 12 months



($1 = 0.8030 pounds)

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))