UK's Mulberry Group chalks out profitability plan with UK, US focus-March 2024-www.financetom.com

UK's Mulberry Group chalks out profitability plan with UK, US focus

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UK's Mulberry Group chalks out profitability plan with UK, US focus

Jan 29, 2025 11:56 PM

(Reuters) - UK luxury brand Mulberry Group, on Thursday, unveiled a plan to return to profitability, including by focusing on the UK market, accelerating growth in the U.S. and re-align operations in Asia with reduced emphasis on China.

Mulberry also said it was working on reducing operating costs by about 25% on an annualised basis compared to 2024.

The company also said it had named Billie O'Connor as its new finance boss.

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