MULBERRY SEES PROFIT SOAR

MULBERRY, the luxury goods group specialising in bags, has reported a surge in profit, thanks to higher sales keeping up prices. The company’s pre-tax profit was £4.7m in the six months to 30 September, compared with £1.5m a year earlier. Mulberry said higher sales meant there was little end of summer season stock left to be sold at reduced prices, which had maintained its profit margins.