Group revenue for the first 12 weeks of the new year gained 5 percent, with the impact of the lockdown in China weighing on growth.
On Wednesday, Andretta said the company has made great strides in its mission to be “the leading responsible British lifestyle brand, and a pioneer in sustainability.” He described the products as “made to last with the highest quality, lowest carbon materials in our U.K. factories.”Andretta added that while the economic and geopolitical outlook “remains uncertain, we are an iconic international brand with a clear strategy for future profitable, cash-generative growth.
During the period, five new stores opened in China, and four in South Korea, and Mulberry flagged its “ongoing growth and development” in the Asia Pacific region. The company said the past year also saw improved margins due to a strategic focus on full-price sales and increased volume efficiencies
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