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Mulberry Profits More Than Quadruple in 2010-2011

Mulberry's Profits More Than Quadrupled in Past Year

>> In the year that ended March 31, profits at Mulberry more than quadrupled to 17.1 million pounds ($28 million) on the back of a 69 percent leap in sales. The accelerated increase in sales (121.6 million pounds, or $199.4 million, from 72.1 million pounds, or $118.2 million) came in part from nine store openings, a new London flagship, and robust growth both internationally and online. According to Godfrey Davis, Mulberry chairman and chief executive: "Strong demand in all markets has continued into the new financial year and the outlook for the Mulberry brand is positive. While we remain cautious about the global economic environment, we are focused on accelerating our international expansion." [WWD]

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