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Mulberry profits quadruple
Pre-tax profits for the year to the end of March rose by 358 per jeremy scott adidas cent, to £23.3m fuelled in the greater part by a boom in sales in Asia.
The company, founded in 1971, has doubled the production of black mulberry bag women's handbags as a result of the huge increase in demand, and is expanding its Somerset factory by 30 per cent, creating 50 new manufacturing jobs.
Alongside a new jeremy scott adidas flagship store on London's New Bond Street and swish new headquarters on Kensington Church Street, Mulberry have opened nine new stores in the past year in Beijing, air max 2013 Hong Kong, Malaysia, Korea, Qatar, UAE, the Netherlands and Sydney.
They also made great inroads in online sales, which climbed 64 per cent to £9.2 million, and now account for 8 per cent of sales.
How have Mulberry achieved their cheap mulberry handbags adidas jeremy scott wings epic turnaround of fortunes?
The future looks bright for the brand too with new store openings scheduled shop celine for New York, Amsterdam, Germany, Korea, China isabel marant sale and Bangkok over the next 10 months.
"Strong demand in all isabel marant sneaker sale markets has continued jeremy scott adidas shoes into the new financial year and the outlook for the Mulberry brand is positive," said celine bags sale chairman and chief executive Godfrey Davis, "While we remain cautious about the global economic environment, we are focused on accelerating our international expansion."
Mulberry has gathered jordans for sale a significant nike air max 2013 celebrity following over the past few years and established itself as a market jordan 11 bred leader in fashion clothing and accessories. Current creative director Emma Hill also introduced smaller access price point accessories to their range of 'it' bags isabel marant and clothing, opening the brand up to a wider demographic.
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