THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
Future of Retail Marketing 2020
Omnichannel Transformations 2020
The HR Summit 2020
The Future Of AI in Retail Conference 2020
Omnichannel Futures Conference 2021
The Omnichannel Journey
Optimizing Workforce Management
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Mulberry takes full ownership of its South Korean business

Luxury brand Mulberry has acquired the 40% stake in its South Korean business that was previously held by its local partner, SHK Holdings. The move means… View Article

FASHION

Mulberry takes full ownership of its South Korean business

Luxury brand Mulberry has acquired the 40% stake in its South Korean business that was previously held by its local partner, SHK Holdings.

The move means that Mulberry now has full ownership of Mulberry Korea. It has also invested an additional £1.3 million in the business.

During the last 18 months Mulberry has recruited a new management team to take day-to-day control of Mulberry Korea. It also made a previous investment of £3.1 million in August 2018.

Thierry Andretta Mulberry chief executive, said: “”  We would like to thank our longstanding partner, SHK, for its invaluable contribution in developing Mulberry in South Korea, our second biggest retail market globally.  Taking full ownership of our business marks an exciting development in advancing our international omnichannel and digital strategy.”

 

 

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News