Mulberry

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
15.1 - Tanning, dyeing, dressing of leather and fur; manufacture of luggage, handbags, saddlery and harness
15.12 - Manufacture of luggage, handbags, saddlery and harness of any material
350 - 500 jobs
Number of planned job losses
Job loss
Announcement Date
8 June 2020
Employment effect (start)
Foreseen end date

Description

Mulberry, the luxury handbag manufacturer, has announced plans to cut at least 350 jobs from its global workforce of 1,400 in response the COVID-19 pandemic.

The cuts are expected to affect all areas of the business, from manufacturing to head office roles. Most of the redundancies are expected to be located in the UK, where the company currently employs 1,140 workers.

In order to justify the jobs cur, the chief executive officer declared that the pandemic and the government mandated closure of retail had a 'marked effect' on sales and cost saving was necessary to guarantee the future of the business.

Mulberry has 55 stores in the UK, including concessions in John Lewis and House of Fraser shops, and 68 shops outside the UK, including in Canada and China.

Sources

Citation

Eurofound (2020), Mulberry, Internal restructuring in United Kingdom, factsheet number 101307, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101307.