MULBERRY’s celebrates 40th anniversary with quadrupled net profits

British luxury leatherwear company MULBERRY which celebrates its 40th anniversary this year, reported a quadrupled net profit levels for the year ending March 31st, to a value of 19,5 million euros and a 70% increase in its sales, the company’s turnover reaching 138 million euros. In the first 10 weeks of 2011 fiscal year, Mulberry reported an increase of 38% in its turnover compared to the same period of the previous year.

This year, Mulberry inaugurated its new flagship store in London, on New Bond Street and further directly operated store openings are planned for New York, Amsterdam, Bangkok and Shanghai. Mulberry is independently owned by Singaporean billionaire Christina Ong.