
Mulberry secures $27 million as sales fall 21% and transformation plan begins
By Reuters Published July 10, 2025 British luxury brand Mulberry, known for its leather handbags, reported a 21% drop in annual revenue on Thursday and confirmed it had secured $27 million in funding — an amount it had previously targeted — with backing from its two largest shareholders, Challice and Frasers Group. Challice and Frasers…