Mulberry’s full-year results a litmus test for how luxury brands are coping with cost-of-living crisis
Mulberry is set to unveil its full-year results on Wednesday in a litmus test for how luxury brands are coping with the cost-of-living crisis.
The handbag specialist, favoured by the Duchess of Cambridge, pointed to ‘robust’ sales in its trading update in March.
Stylish: Mulberry, favoured by the Duchess of Cambridge, pointed to ‘robust’ sales in its trading update in March
But inflation is causing purse strings to be tightened, while manufacturers face spiralling prices of materials.
One fund manager told the Mail last week that he was optimistic on the outlook for luxury stocks.
But much will depend on whether shoppers in lucrative markets such as China feel ready to part with their cash.
A boost in the share price – which is languishing at 295p – will be welcomed by Sports Direct entrepreneur Mike Ashley, who owns almost 37 per cent of the company through his Frasers Group.