Thierry Andretta, Mulberry’s CEO appointed in March 2015, said the brand plans to reconnect with its roots as an upmarket British brand offering sturdy and chic handbags at fair prices.

Andretta replaced Bruno Guillon, who previously worked for Hermès and led Mulberry to a damaging high price strategy, with bags being sold by as much as US$2,600, twice as much as Mulberry’s core price range.

Most of the brand’s handbags are now sold under US$1,400 and, in a move to get closer to its customers, the company plans to emphasise the fact that it has dozens of skilled craftsmen available to repair them, a service only a few luxury labels offer. All the bags are said to be manufactured in Europe, of which around half in Somerset, South West England, by some 600 skilled workers.

Source: Reuters