UK’s Mulberry eyes $272 mn revenue goal, launches $25.3 mn fundraising
Mulberry Group plc plans to raise £20 million (~$25.3 million) to fund its transformation strategy aimed at restoring profitability and achieving £200 million in annual revenue. Led by CEO Andrea Baldo, the brand is streamlining operations, expanding internationally, and enhancing customer engagement. FY25 revenue is expected to decline to £120 million, with a £23 million pre-tax loss.
Mulberry Group plc plans to raise £20 million (~$25.3 million) to fund its transformation strategy aimed at restoring profitability and achieving £200 million in annual revenue.
Led by CEO Andrea Baldo, the brand is streamlining operations, expanding internationally, and enhancing customer engagement.
FY25 revenue is expected to decline to £120 million, with a £23 million pre-tax loss.
