Friday, December 10, 2010

Mulberry handbag company a break on the world stage

The Director-General Godfrey Davis told Reuters the group would continue its efforts in markets abroad and the number of stores and concessions in foreign countries, currently has 38 expected to be 44, he must pass the United Kingdom over the next 12 months.

"Due to increasing international brand awareness, we have a lot more tourism business in our stores. Receiving the message with," Davis said in a telephone interview Thursday.

Mulberry said he remained cautious about global economic conditions, but there was little sign that demand for their bags, which typically cost from 500 to 900 pounds.

Profit before tax was tripled to 4.7 million pounds in the six months before the Sept. 30, including an increase of 29 percent of sales in stores open at least a year and a 76 percent wholesale.

As-for-like retail operations, completed 47 percent within 10 weeks 4 Acceleration in December, while orders for spring / summer 2011 was almost doubled from last year, four months to go selling season yet.

"Mulberry continue to push the expectations, and we believe that it is on the verge of a truly global brand," said analyst Philip Dorgan, Altium.

She raised the annual profit forecast to 15 million pounds 13 million, and its price target to 1,000 pence from 650 pence, based on group sales to increase by 200 million pounds a year from 70 million euros over the next two years.

Mulberry share more than quadrupled this year rose about 3 percent to 897 pence from 08.30 invented the clock

Davis said that a group of nuclear Bayswater, Alexa, Daria and bags were sold Mitzy and in all regions and that the men were invited to handbags and scarves.

He also has high hopes for a new family of bags Tilley, from 600 to 700 pounds prize will be delivered in January.

Mulberry, which employs around 800 staff, said that the expansion of its plant in Somerset, southwest England, to meet growing demand, creating 60 jobs.

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