Mulberry Group Announces £20 Million Fundraising to Boost Growth Strategy

An update from Mulberry ( (GB:MUL) ) is now available.

Mulberry Group plc has announced a proposed £20 million fundraising to support its growth strategy and meet medium-term financial targets. The company is undergoing a transformation plan to return to profitability, with initiatives including management changes, new wholesale agreements, international expansion, and cost reductions. Despite a challenging trading environment, the company aims to become cash flow positive by investing in core stock rebuilding, new revenue streams, and customer engagement tools. The fundraising is expected to be completed alongside the publication of the company’s FY25 report, and discussions are ongoing with major shareholders to finalize the structure.

The most recent analyst rating on (GB:MUL) stock is a Hold with a £0.94 price target. To see the full list of analyst forecasts on Mulberry stock, see the GB:MUL Stock Forecast page.

Spark’s Take on GB:MUL Stock

According to Spark, TipRanks’ AI Analyst, GB:MUL is a Neutral.

Mulberry’s overall stock score reflects significant financial challenges, marked by declining profitability, high leverage, and constrained cash flow. The technical analysis indicates a weak momentum with potential bearish sentiment, and the valuation is unattractive due to negative earnings and lack of dividends. These factors collectively suggest a cautious outlook for the stock.

To see Spark’s full report on GB:MUL stock, click here.

More about Mulberry

Mulberry Group plc is a British luxury lifestyle brand known for its high-quality leather goods and fashion accessories. The company focuses on leveraging creativity and customer insights to enhance its brand and deepen customer connections, with a market focus on the UK and international expansion.

Average Trading Volume: 4,833

Technical Sentiment Signal: Sell

Current Market Cap: £78.81M

For an in-depth examination of MUL stock, go to TipRanks’ Overview page.