Luxury brand Mulberry has posted a 4% full year revenue increase to £159.1 million as it continues to deliver on its strategic objectives.
In the 52 weeks to 1 April, retail sales in the Asia Pacific region rose by 3% while other international retail sales increased by 12%.
However, UK retail sales fell to £87.7 million from £88.5 million in the previous year after trading in the first half of the period was impacted by the country’s macro-economic environment.
Meanwhile the brand reported a pre-tax profit of £13.2 million compared to £21.3 million a year ago. Mulberry said this was a result of impairment reversals for some of its London stores and significant investments in expanding its direct-to-customer model.
