Mulberry set to exceed expectations
19 January 2012 10:10
High-end fashion brand Mulberry has said that it is likely to beat market expectations on its full-year results, confirming that the luxury sector is yet to feel the full force of the economic slowdown.
In the 16 weeks to January 14th, the company said that it had seen a strong performance, with growth in both its retail and wholesale businesses.
Retail sales for the six weeks to January 14th rose 41% compared to the same period last year, with a like-for-like rise of 35%.
Godfrey Davis, chairman and chief executive commented: "I am delighted that trading during Christmas and the New Year has been strong and consequently the results for the year to 31 March 2012 are likely to exceed our earlier expectations."
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