London, June 28th – British luxury leather goods manufacturer Mulberry has released its financial performance report for the fiscal year ending April 1, 2023. Despite facing continuous challenges and fluctuations over the past year, particularly in the UK and China, the group’s sales revenue increased by 4% to reach £159.1 million, driven by its focus on full-price sales. The gross margin remained stable at 71.2% (compared to 71.7% in 2022). Benefiting from improved market conditions in China in recent months, as well as the growth of its DTC (direct-to-consumer) model and …
