RE: Mulberry Group shares dip 15%, though China sales carry British luxury retailer’s revenues30 Nov 2022 17:40
Bit more detail from Shore
Pointing out that Mulberry trades at a 30% discount to peers, Shore Capital’s Eleonora Dani said the current valuation ‘does not reflect its leading ESG efforts or the great emphasis on the direct-to-consumer strategy, which could drive a premium rating. ‘However, we note the stock’s illiquidity so a discount might need to be factored in when looking at the business.’