Handbag maker Mulberry has cut dozens of head office jobs as part of a major “rebuild” after revealing that sales plunged last year.

somersetcountygazette.co.uk

Somerset

England

United Kingdom

Mulberry axes head office jobs in ‘rebuild’ after sales plunge

The company's newly-appointed CEO says the luxury goods industry faces "significant uncertainty".

Ad Fontes Media

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BBC News

Government of the United Kingdom

Mulberry cuts jobs in Somerset in ‘rebuild’ after sales plunge

The new boss of the fashion company said he is simplifying the business in order to make it ‘leaner’ as part of a strategic overhaul.

The Independent

Evgeny Lebedev

London

Greater London

The boss of Mulberry has said he needs to “rebuild the business” as the luxury handbag maker revealed that sales plunged by almost a fifth over the past half-year.

Shropshire Star

MNA Media

Ketley

Shropshire

Mulberry boss says ‘rebuild’ needed after sales plummet

The fashion brand is completing an internal review, with the aim of creating a ‘leaner’ operation.

Evening Standard

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

Struggling luxury brand Mulberry has announced it will streamline and rebuild the business as its profit continues to fall, signalling possible job cuts. Mulberry told markets this morning that UK retail sales fell by 14 per cent in the six months to September 28.  Sales in Asia fell 31 per cent, while group sales overall fell by 17 per cent. Revenue at the luxury retailer fell 19 per cent to £56.1m, from £69.7m last year.  Mulberry cut operatin…

City AM

Are job cuts on the horizon at struggling luxury giant Mulberry?

Mulberry half-year losses widened as its new CEO highlighted the “clear need to reprioritise and rebuild the business”. The luxury brand’s losses swelled to £15.7m for the 26 weeks ended 28 September, compared to £12.8m in 2023, as sales plunged 19% to £56.1m. CEO Andrea Baldo noted: “Though I’ve only been in the role of CEO for under three months, the first half results illustrate the clear need to reprioritise and rebuild the business… “We are…

Retail Gazette

Mulberry half-year losses widen as new boss prepares to 'rebuild the business' - Retail Gazette

Mulberry has seen its losses widen to £15.3m in its half-year results, up from a previous loss of £13.5m, as sales plummeted amid a period of “significant uncertainty” for the business. In the half-year ended 28 September 2024, revenues fell by 19% to £6.1m, with UK sales down by 14% to £31.1m, and international sales down by 7% to £19.5m.  New CEO Andrea Baldo, who has only been in the role for several months, said there was a clear need to “re…

Retail Sector

Mulberry to ‘rebuild’ business after losses widen and sales plunge 19%

The new boss of the fashion company said he is simplifying the business in order to make it ‘leaner’ as part of a strategic overhaul.  Handbag maker Mulberry has cut dozens of head office jobs as part of a major “rebuild” after revealing that sales plunged by almost a fifth over the past half-year. The new boss of the fashion firm said he is simplifying the business in order to make it “leaner” as part of a strategic overhaul and help drive a re…

Mulberry axes head office jobs in ‘rebuild’ after sales plunge

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