×
83 579
Fashion Jobs
COTY
Junior Art Director, Digital
Permanent · New York
COTY
Assistant Marketing Manager, Global Marketing - Marc Jacobs
Permanent · New York
HOMEGOODS
Loss Prevention Detective
Permanent · Hillside
NIKE
North America Brand Creative, Consumer Direct, Art Director
Permanent · Beaverton
NIKE
Director - Business Architecture
Permanent · Beaverton
SALLY BEAUTY CORPORATE
District Manager - Cosmoprof
Permanent · Chicago
JOCKEY
Associate Manager at Jockey -Full Time $17/HR
Permanent · Edinburgh
SHISEIDO
Manager, us Region Finance - Business Transformation
Permanent · New York
BLOOMINGDALE'S
Asset Protection Manager, South Coast Plaza
Permanent · Costa Mesa
ROSS STORES
Store Protection Specialist
Permanent · Brea
ROSS STORES
Store Protection Specialist
Permanent · Independence
ESTÉE LAUDER
Corporate Account Executive, Travel Retail Americas
Permanent · Miami
ESTÉE LAUDER
Distribution Supervisor - 3rd Shift - Padc
Permanent · Bristol
ESTÉE LAUDER
Director, Finance, Clinique
Permanent · New York
ESTÉE LAUDER
R&D Purchaser/Planner
Permanent · Melville
ESTÉE LAUDER
Associate Design Director, Creative Design
Permanent · New York
ALICE AND OLIVIA
Ecommerce Product Manager
Permanent · New York
ALL SAINTS
Business Development Manager
Permanent · Independence
L'OREAL GROUP
Buyer
Permanent · Berkeley Heights
OLD NAVY
Assistant General Manager - North Centre ii
Permanent · Missoula
OLD NAVY
Assistant General Manager - Shops @ Shadow Lakes
Permanent · Papillion
OLD NAVY
Asset Protection Lead - Erskine Village
Permanent · South Bend
Published
Nov 25, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Mulberry plans UK production expansion after recovery sets in

Published
Nov 25, 2021

Mulberry could expand its UK production, the company said after delivering a strong set of results this week. The luxury leathergoods brand talked a lot about its production facilities in the earnings report and CEO Thierry Andretta added that around 60% of the firm’s products are now UK-made, a rise compared to the pre-pandemic figure of 50%.


Mulberry



The company has already added an extra production line at one of its two Somerset factories in the past year and could add another if the current rate of sales growth is sustained. The extra production line created around 50 jobs.

That came on top of news that sales rose 34% in the first half and that it returned to profit after making a loss a year earlier. 

Moving more production to Britain has been a boon to the business in recent periods as Brexit and the pandemic have created supply chain issues for companies manufacturing abroad.

Andretta said: “The bold decisions we have taken with regards to focusing on our UK production capabilities mean we are well placed for the festive trading period and beyond. We have an agile supply chain, and as part of our Brexit planning and in anticipation of disruption, we made the decision to order more raw materials than we usually would and to hold more stock. This means we are not affected by the global supply crisis.”

The good news on sales and profits — and Andretta’s insistence that the firm is well placed for the key shopping season — sent the firm’s share price surging 24% on Wednesday morning. However, the euphoria subsided slightly by Thursday morning with the share price falling 5%. It means the company has a market valuation of £211 million, a fraction of what it was almost a decade ago when the share price was around £22.50, compared to the current £3.67.

Copyright © 2022 FashionNetwork.com All rights reserved.