Mulberry Group plc (GB:MUL) has released an update.
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Mulberry Group plc, a British sustainable luxury brand, has reported a 4% decrease in group revenue for FY24 amid tough macro-economic conditions and reduced luxury consumer spending. Retail sales remained stable, supported by growth in Europe and the US, but were undermined by declines in the UK and Asia Pacific. CEO Thierry Andretta indicates a challenging trading environment ahead, especially in the UK and China, while the company continues to pursue its vision of becoming a global sustainable luxury brand.
For further insights into GB:MUL stock, check out TipRanks’ Stock Analysis page.
