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According to a report by Allied Market Research, the global market for luxury bags is expected to be worth a staggering $89.9 billion by 2026.
https://www.fidelity.co.uk/markets-insights/investing-ideas/shares/where-next-for-mulberrys-share-price/?utm_medium=share&utm_source=email&utm_campaign=share_btn
Mulberry (@MulberryEngland) tweeted at 0:49 pm on Wed, Jun 01, 2022:
In celebration of our new US flagship store, at 100 Wooster Street, New York, we unveil a striking campaign for our new white #MulberrySoftie style, featuring model, designer, and fashion muse Ella Emhoff.
#MulberryWoosterSt
Shop now: https://t.co/Pbzopn4WRi https://t.co/gKYQPuArrv
(https://twitter.com/MulberryEngland/status/1531966145871241221?t=wKHzjxQzJK-e801RiFduVA&s=03)
Mulberry has been quietly welcoming consumers to its new Wooster Street store in Manhattan
https://globalcirculate.com/mulberry-opens-new-store-in-soho-wwd/amp/
LVMH has continued to ride the pandemic-era wave of consumers splurging extra cash on luxury goods, as opposed to jetting away overseas.
Revenue jumped nearly a third to €18bn (£15bn) in the first quarter of this year, in comparison with €13.9bn in 2021 – with fashion and leather products leading the way.
Such goods hit record growth levels last year, with annual revenue rocketing more than 50 per cent in comparison with 2019.
The luxury retailer enjoyed a “good start” to the year, it said in its latest trading update, with all business groups hitting double digit growth, except the group’s alcohol business which had suffered supply constraints.
The wine and spirits division, which sells pricier liquors such as Hennessy cognac and Belvadere vodka, grew by eight per cent in the three-month period, pulling in some €1.6bn (£1.3bn).
As Covid-19 restrictions blanketed the globe, consumers instead dished out money that would typically be used for travel on other high-value items such as watches – a trend also seen by London-listed Watches of Switzerland.
Revenue climbed around 25 per cent for LVMH’s watches and jewellery business group, which includes Tiffany & Co., as businesses unveil new products.
Mulberry share structure stumps City veterans
City veterans are stumped by the share structure of AIM-listed fashion play Mulberry.
The handbag firm is 93 per cent owned by its two biggest shareholders – the Singapore billionaire Ong family and (you guessed it) Mike Ashley.
Former chairman Godfrey Davis owns another 2 per cent, leaving a free float of less than £10 million.
The shares barely move from one month to the next despite volatile markets. Maybe a safe bet, even if one jaded stock picker describes it as 'another Ashley mystery'.
But surely one or other of the big investors has to make a move at some point?
Or maybe regulators should move to spirit this glacial stock off the public markets?
https://www.thisismoney.co.uk/money/share-investing/article-10703393/STOCKS-WATCH-Gemfields-set-sapphire-Madagascar.html
Mulberry has taken this opportunity to increase its marketing investment in the second half of FY22 to further build global brand awareness. Despite this additional expenditure, the profit for FY22 will be moderately ahead of current expectations.
The Group's balance sheet remains strong with net cash balances at FY22 expected to be in excess of £20 million. The Group intends to announce its FY22 results on 29 June 2022.
Mulberry Group Anticipates FY 2022 Revenue, Profit Above Expecations on Strong Sales
Mulberry Group PLC said Tuesday that it anticipates reporting revenue and profit moderately above expectations for fiscal 2022 after booking robust sales.
Mulberry (@MulberryEngland) tweeted at 10:30 AM on Wed, Mar 02, 2022:
Actress Shin Hye-sun wears our Little #MulberrySoftie in classic Black and Tobacco Brown in the current issue of @wkorea.
Discover the full Softie family now: https://t.co/FTcpoI5N59 https://t.co/DaMOwSFGlP
(https://twitter.com/MulberryEngland/status/1498969055084044290?t=zUd8R7-ZQ7EY8tgSkRJdwQ&s=03)
Mulberry (@MulberryEngland) tweeted at 10:01 AM on Sun, Feb 20, 2022:
The sky's the limit. Magda carries our Little #MulberrySoftie in Cornflower Blue.
Shop now: https://t.co/FTcpoI5N59 https://t.co/O4Ng5nshKr
(https://twitter.com/MulberryEngland/status/1495337692011405314?t=ei65obU29w0KiWl732un2A&s=03)
Kering Revenues Vault 35.1% in Q4 as Gucci Improves
https://wwd.com/business-news/financial/kering-q4-2021-results-gucci-1235080911/
Mulberry (@MulberryEngland) tweeted at 10:01 AM on Thu, Feb 10, 2022:
With its curved lines and pillowy quilting, the new #MulberrySoftie is the perfect match for your new season wardrobe.
Discover more: https://t.co/FTcpoI5N59 https://t.co/6aw8owNkyV
(https://twitter.com/MulberryEngland/status/1491713855583662083?t=rKsPUaM0QYr6a2bcXpXpjg&s=03)
Mulberry (@MulberryEngland) tweeted at 10:54 AM on Tue, Feb 08, 2022:
Meet the Little Softie, a sensory style available in a variety of colours from vibrant coral to icy blue and featuring a long chain strap which can be worn across the body or doubled up and worn as a shoulder bag. #MulberrySoftie
Explore more: https://t.co/FTcpoI6kUH https://t.co/1jmJPMZls6
(https://twitter.com/MulberryEngland/status/1491002376681312256?t=etxwXT7caOV07sNLtILuww&s=03)
Mulberry (@MulberryEngland) tweeted at 10:04 AM on Mon, Feb 07, 2022:
Experience a new touch sensation.
Discover the #MulberrySoftie collection: https://t.co/FTcpoI5N59 https://t.co/mYjadhffRh
(https://twitter.com/MulberryEngland/status/1490627618718298115?t=gBJr2SPv1Rzs-RJj1MssSw&s=03)
This playful collection features three styles: Softie, Little Softie and Big Softie. With curved quilting, smooth leather and a soft, pillowy feel, these are bags that are made to be touched.
https://www.mulberry.com/gb/shop/softie?utm_source=Newsletter&utm_medium=Email&utm_campaign=070222ROW&mi_u=0034G00002x7UX2QAMsfid=0034G00002x7UX2QAM
The MulberrySoftie launching tomorrow 10am
Handbag maker Radley London has reported buoyanct results after its sales in the US.
The accessories brand reported retail sales were up 60 per cent in the first nine months of the current financial year, compared to the previous year.
https://www.cityam.com/in-the-bag-radley-london-enjoys-soaring-profit-after-christmas-sales-surge/
The luxury labels propelled a 28% rise in sales of LVMH's largest division, fashion and leather goods, on a like-for-like basis, beating analyst expectations for 16% growth.
https://www.reuters.com/business/retail-consumer/lvmh-shares-rise-after-luxury-giants-q4-sales-growth-accelerated-2022-01-28/#:~:text=The%20luxury%20labels%20propelled%20a,analyst%20expectations%20for%2016%25%20growth.
Not really! Little over.
Playing out nicely. Thinking this break out will put it back into a steady uptrend. Still undervalued, so likely to get some positively adjusted PT come in for it.
https://www.insidermedia.com/news/south-west/strong-customer-demand-boosts-mulberry
H1 Revenue £65.7m, full year revenue could be £140-150m. Market cap £200m!!! Comfortably In profit. WHY IS IT SO UNDERVALUED!
Spectacular results.
Market in deep sleep here. Massively undervalued.
Should head towards £6 in the near term.
Group revenue increased 34% to £65.7m (2020: £48.9m)
· Profit before tax of £10.2m (2020: loss before tax £2.4m) includes a one-off profit on disposal of Paris lease of £5.7m
· Gross margin of 69% (2020: 59%) due to a strategic focus on full-price sales and increased volume efficiencies
· UK retail sales increased 36% to £38.0m (2020: £28.0m)
· China retail sales increased 38%, which contributed to the 23% increase in Asia Pacific retail sales to £11.8m (2020: £9.5m), reflecting ongoing investment in the region
· US retail sales increased 57% to £3.3m (2020: £2.1m)
· International retail sales represented 40% of Group revenue (2020: 41%)
· Franchise and wholesale sales increased 67% to £10.1m (2020: £6.0m)
· Strong period end net cash of £30.3m (2020: £8.6m) and deferred liabilities of £5.0m (2020: £4.6m)