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Business

Mulberry eyes 20 million pound fundraise as transformation plan progresses

British brand Mulberry is looking to raise 20 million pounds of additional capital in a fundraising to back its growth strategy as its ongoing transformation plan progresses. It comes “in light of an even more challenging trading environment seen at a macro level”, the group noted. In a regulatory filing, the luxury accessory label said, with...

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Business

Mulberry CEO announces turnaround plan, appoints new CFO

The chief executive officer of Mulberry, Andrea Baldo, has announced the launch of a turnaround plan after concluding a strategic review of the company. Under the title ‘Back to the Mulberry Spirit’, the British luxury label’s new strategy intends to return it to profitability “through simplification, brand realignment and enhanced customer...

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