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UK’s Mulberry Raises $27 Million From Top Investors As Revenue Drops

The British luxury brand secures fresh funding and board support amid declining sales.
A shopper walks past a Mulberry store.
Mulberry shares fall by 5 percent. (Shutterstock)
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Britain’s Mulberry, which reported a 21 percent drop in annual revenue on Thursday, said it had raised $27.14 million in capital with the support of its two biggest shareholders, Challice and Frasers.

Mulberry, whose shares fell 5 percent, also announced that it had appointed Frasers executive James France to its board.

By Unnamalai L in Bengaluru; Editor: Anil D’Silva

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