Mulberry Fiscal '08 Profits Dip 2.5%

Conti, Samantha
June 2009
WWD: Women's Wear Daily;6/19/2009, Vol. 197 Issue 128, p14
Trade Publication
The article reports that profits of Mulberry Group PLC in the fiscal year 2008 declined by 2.5% to $4.5 million. Reportedly, the dip in the profits resulted from a higher tax rate and costs associated with store openings, product development, marketing and management. While the sales increased 14.5% in the first-half it is expected that the wholesale orders will drop 15% for fall and 4% for spring 2010 as the consumers are cautious while spending.


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