Mulberry Posts 18 Percent Sales Jump
British luxury handbag maker Mulberry reported an 18 percent jump in first-half sales driven by resilient demand and less discounting. The strong performance sent shares higher as international markets led the growth.
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Mulberry Group plc posted an 18.2% jump in first-half sales on Monday morning, driven by resilient demand for its heritage bags. The United Kingdom luxury brand saw shares rise as much as 7.4% in early trading following the update. The strong performance reflects reduced discounting and robust international growth across key markets.
