Mulberry takes full ownership of its Korean business

Mulberry takes full ownership of its Korean business

Mulberry has taken full ownership of its Korean business, having bought a 40% stake in Mulberry Korea from its partner SHK. This means the house now owns 100% of its company.

Chief executive officer Thierry Andretta said in a statement: “Over the last eighteen months, we have recruited a new management team and taken day to day control of the business in South Korea, an important market for luxury goods where the Mulberry brand has significant growth potential.