// Mulberry posts an “improvement” in retail revenue over the second half of the year thanks to UK and Chin sales
// The company has further invested in the Asia Pacific region, including the launch of a duty-free store in Hainan, China
Mulberry has said that trading “is in line” with expectations despite the difficult economic environment.
The British luxury retailer said group revenue was slightly ahead of last year and underlying group profitability weighted to the second half.
Additionally, the heritage brand saw an improvement in retail revenue over the second half of the year, which it said was driven by good performance in the UK and an ‘improving’ environment in China over recent months”.
Subscribe to Retail Gazette for free
Sign up here to get the latest news straight into your inbox each morning
The company has also further invested in the Asia Pacific region, including the launch of a duty-free store in Hainan, China.
Mulberry chief executive Thierry Andretta said: “This year we have continued to deliver on our strategic objectives while demonstrating resilience in the challenging macro-economic environment.
“We’ve invested in our omnichannel approach, improved our direct-to-customer-model and maintained gross margin. I would like to thank all my colleagues for their creativity and the fantastic service they provide to our customers.”
The group will announce its audited FY23 results on June 22 2023.
Click here to sign up to Retail Gazette‘s free daily email newsletter
