UK's Mulberry gears up for Christmas as sales rise to pre-pandemic…

Nov 24 (Reuters) – Mulberry said on Wednesday demand for its luxury products is back at pre-pandemic levels with sales in the UK and Asia powering a 34% surge in first-half revenue, as it prepares to benefit from the holiday shopping season.

The company, which was forced to cut 25% of its staff in 2020 due to weak demand, said sales trends have improved in October and November, but warned that any restrictions during the festive period could affect its upbeat outlook.

Best known for its leather bags, Mulberry has benefited from store reopenings in the UK, with strong growth in Asia helping it offset weakness arising from the absence of tourists in the domestic market and the closure of some stores in Europe.

Earlier this month, consultancy Bain had predicted that the luxury goods sector would rebound this year from the health crisis due to higher spending in the United States and China, particularly on high-end shoes, leather goods and jewellery.

Mulberry said over the next six months it will spend more from its “substantial cash reserves” on marketing to build brand awareness worldwide.

The company said its UK factories and careful planning has helped it navigate supply chain issues even though it flagged a slight increase in inventories of raw materials since March.

Group revenue for the six months ended Sept.25 rose 34% to 65.7 million pounds, helping Mulberry report profit before tax of 10.2 million pounds compared to a loss of 2.4 million last year. The profit includes a one-off gain on disposal of a lease in Paris. (Reporting by Chris Peters in Bengaluru; Editing by Arun Koyyur)

We try before you buy: ALICE HARE picks the most stylish party pouches

We want to find Luxtra's vegan bucket bag under the tree 

Products featured in this Mail Best article are independently selected by our shopping writers.If you make a purchase using links on this page, we may earn an affiliate commission. 

With increasing concerns over the state of our planet, many of us are choosing to go – or at least know someone who is. 

Luckily, finding a present for the vegan in your life has never been easier with a whole host of lifestyle, fashion and beauty brands offering incredible products for those that subscribe to a vegan lifestyle or anyone trying to make sustainable swaps. 

LUXTRA is an 100 per cent vegan and cruelty-free brand that creates incredibly chic looking bags and accessories made from fruit leather

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    Natural, sustainably sourced and cruelty free, LUXTRA has plenty of fantastic to gift loved ones over the festive season. 

    The is LUXTRA’s newest addition. Incorporating food-waste to their designs, the bucket bag has been made from AppleSkin™ – an eco leather alternative made from apples.

    Putting to use materials that would just go to waste, LUXTRA has reworked the classic bucket bag, creating an eco-friendly and ethical take on the quintessential shape.

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    The bag looks remarkably similar to real leather yet is made from AppleSkin, a robust, waterproof Italian leather alternative.

    The perfect everyday bag, it’s large enough to hold a nine inch tablet and can be worn across the body or over one shoulder. 

    Priced at £279 it’s a more affordable investment than most leather bags whilst also leading a positive change in fashion. Whether you’re trying to be more aware of your fashion choices or are looking for the perfect gift for a vegan, LUXTRA’S is sure to be a crowd pleaser. 

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