Mulberry (company)

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Mulberry Group plc
Type Public company
Traded as LSEMUL
Industry Fashion
Founded Somerset, England (1971)
Founder(s) Roger Saul
Headquarters Somerset, England
Area served Worldwide
Key people Robin Gibson, (Chairman)
Chris Roberts, (CEO)
Products Clothing
Accessories
Revenue £168.5 million (2012)[1]
Operating income £35.4 million (2012)[2]
Net income £36.0 million (2012) [2]
Website www.mulberry.com

Mulberry is a fashion company founded in England in 1971, known internationally for its leather goods, in particular women's handbags.

History[edit]

The company was founded in 1971 by Roger Saul and his mother Joan—in 1973 they opened a factory in Chilcompton, Somerset, England.[3] Mulberry established itself as a British lifestyle brand, noted for its leather poacher bags including the binocular bag and dispatch bag. The range includes womenswear, menswear and footwear. Mulberry Group plc is listed on the London Stock Exchange as MUL, and shareholders with 500 or more shares are entitled to a 20% discount at Mulberry's shops.[4]

Mulberry has stores throughout the UK and all over the world including Europe, the USA, Australia and Asia. It has registered offices in Somerset, London and New York. Mulberry continues to make designer leather goods at its original Somerset factory, called The Rookery. The company plans to expand the factory increasing the number of bags produced in the UK.

In 2006, Mulberry launched an apprenticeship programme to encourage local youths to learn production skills and providing training and employment for the local community. Apprentices that graduate from the programme are offered a job at the factory in Somerset..[5]

Mulberry A/W 2001, Henry Bond's photograph depicts Anna Friel with David Thewlis. The couple were reported to have been paid £50,000 to appear in the campaign.[6]

Recent Times[edit]

In 2013 Ian Scott Director of a group supply at Mulberry Chilcompton Somerset was interviewed by Luke Leitch of the Telegraph stated that many (including all men's bags) are made in three Turkish factories also used by brands including Dunhill and Givenchy. The "small leather goods" (such as purses, wallets and phone-holders) are made in China, as is the Mulberry scotch-grain luggage spotted earlier in such abundance on the platforms of Bath Spa train station.[7]]

Designer Emma Hill joined Mulberry in 2007, and has been credited with turning the Somerset-based firm from a trusted briefcase and wallet maker into an international fashion powerhouse. The brand has a number of celebrity fans, including the Duchess of Cambridge. [8]

Hill was credited with creating huge hits for the company, such as the Alexa Chung handbag. Profits for the firm were initially strong after Hill's appointment, however the brand struggled during the credit crisis, and has issued two profit warnings in the past year. In June 2013, it was announced that Hill would be leaving the brand due to creative differences. Company share prices fell in the wake of the announcement. [9]

References[edit]

External links[edit]