Finance
UK's Mulberry to raise $27 million as losses deepen in 2025
Published by Global Banking & Finance Review®
Posted on June 20, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 20, 2025
2 min readLast updated: January 23, 2026
Mulberry plans a £20M capital raise amid expected 2025 losses, refocusing on British heritage and restructuring to reduce costs.
-Britain's Mulberry Group said on Friday it intends to raise 20 million pounds ($26.98 million) of capital to help fund its growth strategy, as the embattled luxury firm expects to log further losses in fiscal 2025.
Mulberry, following in the steps of larger rival Burberry, is refocusing on its 'British heritage' to resonate with domestic consumers, reversing a recent pivot it took to expand into the Asian-Pacific market.
The high-end luxury bag maker is streamlining its cost base to mitigate the effects of weakening demand as inflation and global economic uncertainties weigh on consumer spending.
The company is restructuring its head office and exiting unprofitable stores to deliver lower operating costs into fiscal 2026, CEO Andrea Baldo said.
Mulberry's trading has met expectations since March-end, but it does not expect material revenue growth this year.
The company forecast an underlying loss before tax of 23 million pounds for fiscal 2025, slightly higher than 22.6 million pounds a year ago.
It projected annual revenue to drop to 120 million pounds from the previous year's 152.8 million pounds.
($1 = 0.7412 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Shailesh Kuber and Shreya Biswas)
Mulberry intends to raise 20 million pounds, approximately $26.98 million, to support its growth strategy.
The company forecasts an underlying loss before tax of 23 million pounds for fiscal 2025, slightly higher than the previous year's loss of 22.6 million pounds.
Mulberry is restructuring its head office and exiting unprofitable stores to lower operating costs as part of its strategy to mitigate the effects of weakening demand.
Mulberry projects its annual revenue to drop to 120 million pounds from 152.8 million pounds the previous year.
Mulberry is refocusing on its 'British heritage' to resonate with domestic consumers, reversing a recent strategy aimed at expanding into the Asia-Pacific region.
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