Despite debuting a line of more accessible bags to win back old customers and signing on Cara Delevingne to do a high-profile capsule collection and campaign, Mulberry’s fortunes still haven’t turned around. Earlier this week, the company issued a profit warning to shareholders after a 17% decline in sales in the first half of 2014, according to Women’s Wear Daily.
Mulberry Handbags and Purses
Mulberry’s various and sundry corporate challenges are well-documented and yet to be resolved, but London Fashion Week waits for no brand. For Spring 2015, the brand soldiered forth in a more subtle way than it has in recent years. Instead of a big production with global It Girl and brand ambassador Cara Delevingne, Mulberry put on a subtle presentation full of the kinds of pieces that made people Mulberry fans in the first place.
Yesterday was Cara Delevingne’s 22nd birthday, and considering that she’s an international It Girl and supermodel from a well-to-do London family, you’d be excused for not knowing exactly what to get her. Mulberry, the brand that loves Cara the very most, did not seem quite so stumped; it got her an edible Mulberry Cara Delevinge Bag, bathed in black fondant.
Here’s model-of-the-moment Cara Delevingne, leaving her London home with a Mulberry Cara Delevingne Bag in tow. As you might have guessed, this bag is part of a namesake capsule collection that Cara recently designed for the brand. The bags are Fall 2014, so they’re not yet available for purchase, but that zany Fendi Bag Bug that Cara’s sporting on her Mulberry bag can be pre-ordered for $800 at Bergdorf Goodman.
Fashion is an industry of rarity, but the news late last week from Mulberry may be the rarest thing we’ve seen in recent memory. On the heels of former CEO Bruno Guillon’s exit, the company has announced it will return to a price structure similar to the one it used before he took the helm of the brand two years ago.
It’s been a turbulent year for handbag favorite Mulberry. First, creative director Emma Hill left at the end of last summer, amid rumors that she and management weren’t exactly getting along. Now, word broke late last week that CEO Bruno Guillon has up and quit, ending his short run with the brand, which Reuters characterized as “turblent.” What happens from here?
After middling results with the Mulberry Del Rey Bag, Mulberry has chosen a more fashion-centric name for its next celebrity collaboration. Supermodel of the moment Cara Delevingne has signed on to design (“design”) and rep the Mulberry Cara Delevingne Bag, which comes in three sizes, all of which are convertible between a tote and backpack.