Tourist shoppers give Mulberry replica a shot in the arm

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Mulberry has been hit by the weaker pound

Mulberry slipped into the red during the first half of the year but toasted the attractiveness of London after tourist shoppers drove a 10pc jump in sales.

The luxury group swung to a loss of £500,000 for the six months to the end of September after investing £1m in its new range by creative designer Johnny Coca who joined last year from Celine.

Mr Coca has been under pressure to replicate the success of Mulberry’s sell-out Alexa handbag. He has so far won plaudits for his studded Clifton designs and a lightweight revamp of the brand’s classic Bayswater replica handbag, which the company said was selling strongly.

Mulberry outlet, which makes half of its leather replica bags in Somerset, England, said that the weaker pound had increased the cost of its imported materials and running its overseas operations, which would result in a £1m hit.

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A Mulberry model at a show in September

Despite a number of luxury groups warning they will have to raise prices to cover the sterling slump, Thierry Andretta, Mulberry replica chief executive, said that the company would not return to his predecessor’s strategy of hiking prices.

“We are all totally committed of ensuring that 70pc of our replica handbags are between £500 and £995,” said Mr Andretta. “We are really happy about this and think we offer the best value for price out of any of our luxury rivals.”

The Mulberry boss said that with the macro environment being so uncertain Britain was becoming even more appealing to foreign visitors. “There is the level of the pound but I think there is less risk of London being a terror attack [compared to other European cities] and that is making it more and more attractive,” he said.

UK retail sales rose by 12pc during the period to £55.4m with like-for-like sales up by 7pc. During the last 10 weeks sales have risen by 4pc versus the same period last year but domestic demand has softened.

Mulberry also announced that is taking a majority stake in a new joint venture in North Asia with China’s Challice Limited to exploit opportunities in China, Hong Kong and Taiwan. The company said it would invest £3m in marketing costs over the next two years and would expect the entity to be loss-making for the first two years.

Mulberry outlet may no longer be the ‘It’ brand, but still has the style

The replica handbag maker’s new Tessie range has yet to embraced by the style set, but it is simple and simple works

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Mulberry’s Tessie handbag range may well be a commercial success.

In the noughties, London fashion week was awash with Mulberry’s distinctively shaped replica handbags. From the pouchy-pocketed Roxanne, wildly popular in 2004, to 2010’s satchel-shaped Alexa, they were perennially tucked under the arms of fashion editors, buyers and celebrities.

Mulberry’s new Tessie bags have received a more muted response. Though it’s early days the range has only been on sale for a couple of weeks – they haven’t been popping up on street style blogs, nor have celebrities been conspicuously carrying them into fashion events.

Available in oak, oxblood and black colours with truly broad appeal – the Tessie range is inspired by classics from the Mulberry outlet uk archive, and the designs don’t scare the horses.

The cheapest of the range – the Small Satchel is a dinky cross-body pouch reminiscent of Celine’s cute Box Shoulder bag. The Tessie is simple and sleek, occupying a similar space to Michael Kors’s relatively affordable designs. The slouchy Hobo is an unstructured soft leather sack that tucks subtly under the arm. All are shapes that customers will feel vaguely familiar with already; they speak of quality and long-lasting appeal rather than boundary-breaking high fashion.

For years, Mulberry’s quirky fashion shows and starry front rows where Kate Moss would sit beside Alexa Chung and Lana Del Rey were a key part of the brand’s identity, and naming specific replica handbags after celebrities was a key motif. But the world has moved on from tribute “It” bags, as the success of more anonymous products by Kors, Coach and Celine attests.

As a brand, Mulberry replica hasn’t entirely kissed glitz goodbye. At the most recent London fashion week, for example, the company launched a collection of youthful, idiosyncratic bags with Cara Delevingne, featuring brightly coloured camouflage-print rucksacks and quirky lion rivets.

The collaboration was a good move for stardust, pizzazz and publicity, but the company well knows that the business cannot rely on purple quilted rucksacks costing upwards of £1,000 to thrive. In current fashion, simple works and the Tessie range is wilfully simple. The style set may not be obsessed, but commercially, pandering to the familiar and classic makes a lot of sense.

Are Replica Mulberry Handbags Losing Their Allure?

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Once-thriving Mulberry warned investors Wednesday that it will not meet profit expectations for 2016. Since the announcement, shares in the company fell a significant 28 percent.

What’s more, Mulberry is failing to sell the product that put it on the map: replica handbags. The company has enjoyed years of issuing one It bag after another, but says it suffered over the holiday season due to pricing competition and a significant number of cancelled wholesale orders from Korean customers. Total retail sales were 3 percent below last year for the 17 weeks leading up to Jan. 25, and wholesale sales for the year ending on March 31 are expected to be down 10 percent compared with the same period last year.

“Due to tough trading conditions over the Christmas period which saw significant discounting across the market, Mulberry has experienced lower than expected UK retail sales which, together with wholesale order cancellations from Korea, will adversely impact our profit this year,” Bruno Guillon, Mulberry’s CEO, commented. “Despite this, the company continues to be cash generative and to invest in the ongoing process of transforming Mulberry replica from a domestic to a global luxury brand, the progress of which is demonstrated by the continued growth in international retail sales.” International retail sales, which the company has put much of its resources into in 2016, are expected to be up 40 percent compared with last year, Mulberry says.

Despite the projected international growth, the fact remains: Mulberry’s sales are lagging. And this isn’t the first time the company has reported it: Mulberry issued profit warnings earlier last year and late in 2015, as well. But why?

The problem may be in the pricing. Since Guillon joined the company from Hermes in 2015, he’s focused on taking Mulberry more upmarket, resulting in more expensive replica handbags. Now, Mulberry is selling bags in the $80 range, which doesn’t quite hit the all-important “hyper luxury” category, but still might be too expensive for the status that a Mulberry proffers its wearer.

The disappointing news comes amid Mulberry’s search for a new creative director. Emma Hill left earlier this year after six years with the company. Her departure from the company could have contributed to the lagging interest in Mulberry replica bags among shoppers this year. She’s known for attracting celebrity clientele and it has been a while since we’ve seen any of those British It girls toting around a Mulberry bag. Plus, Mulberry’s seasonal handbag releases have yet to come close to matching the buzz or success of the Alexa, which hit shelves in 2010.

Mulberry could definitely use the reinvigoration that typically comes from the hiring of a new creative director. And if expansion in the U.S. is of interest, perhaps Mulberry could stand to name a fake handbag after an American celebrity with a bit more staying power than Lana Del Rey. Though, if we had to put our money on the name of the next celeb-nammed purse, we’d bet on The Cara.

A year of success for Replica Handbags Clinic

This month marks a first year’s successful trading for Newcastle’s Handbag Clinic which has seen more than half a million pounds worth of replica designer handbags repaired, restored or re-coloured.

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Ben Staerck, managing director of Handbag Clinic

Over 500 bags have been bought or sold by the store over the last 12 months, with customers travelling from as far afield as Edinburgh .

Handbag Clinic opened in Mosley Street in November 2016 and offers all the usual Handbag Clinic services, including cleaning and restoring while also selling vintage replica bags from designers such as Mulberry replica bags.

Ben Staerck, managing director of Handbag Clinic, said: “The Newcastle outlet represented a significant investment for the company but has really paid dividends.

We have created jobs for local people and brought something new and exciting to the city’s retail offering. Word of mouth has been a huge part of our success in Newcastle and it is rewarding for our dedicated team, both at the Burnopfield repair centre and in store, and testament to their hard work.

Stephen Patterson, Newcastle NE1 director of communications, said: “I’d like to congratulate Handbag Clinic on its first anniversary. It is a welcome addition to Newcastle, which improves the diversity and quality of the city’s retail offering. It is through its unique range of shops and businesses that Newcastle is able to attract so many visitors.”

The replica Mulberry bag makeover

New creative director Johnny Coca has redesigned the Bayswater. But can the brand strike gold again?

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The new Bayswater bag in oak

Launched in 2003, the Bayswater bag, with its utilitarian, business-like appeal was credited with turning around Mulberry’s financial fortunes. In 2004, the group posted a pre-tax profit of £41,000, against losses of £2.3m the previous year, and the bag went on to become one of the British brand’s core assets, despite the financial woes which saw its profits plummeting under its subsequent chief executive Bruno Guillon.

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The 2003 Bayswater bag (left) and its 2016 design

Now, the bag has offered a creative opportunity for Mulberry’s new creative director Johnny Coca. The Spanish-born 40-year-old arrived at the house 10 months ago, and his first runway collection, unveiled in February, was punky, young and studded with lots of new, acid-bright accessories. But alongside these, he’s also got designs on the archive. And next week will see the launch of the Bayswater 2016 — Coca’s reworking of the house classic.

So how did he improve it? “I was looking at the leather, I said, ‘this is nice leather, but I can do better’. In terms of construction, I knew I could do better. In terms of weight, better,” he says, from his studio in Paris.

Coca’s Bayswater is a sleeker and chicer model. The heavy metal hardware has been pared down — the padlock fob and metal feet are gone and the postman’s lock-plate smaller. The distinctive tree logo has been replaced with embossed gold lettering spelling out the company name in an archive script from the 1970s. The replica bag has become more structured, and given a reinforced lining strong enough to carry laptops and tablets without altering its shape. “It’s very practical,” says Coca. “You have to adapt the design around women’s lifestyles today. Women are different: younger, older, working. They have a different attitude to 10 years ago and it was really important to adapt that bag for modern life.” iPhone pockets have also been added.

Coca has introduced fresh new colours: canary yellow and candy pink will sit alongside the classic burgundy, black and clay. He’s also played with the existing shades — the traditional oak hue is now much deeper and richer than before.

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The new Bayswater bag in oxblood

He’s confident and controlled in his vision for Mulberry outlet. “I want to push the boundaries and give a more modern feel for the brand, but keeping all the DNA and authenticity,” he says. “I’m not here to completely change it. It’s really important to respect where it comes from.” Keen to not alienate the traditional customer, Coca’s Bayswater will sit alongside the existing style, and both will retail for £895 (a new, smaller version will also be available for £795). Coca has been mindful of price in this redesign: some of Mulberry’s recent problems were attributed to the decision to reposition the brand, subsequently driving up accessories prices, and the company are now focused on creating fake bags within the £500-£900 bracket.

“Sometimes people say ‘you know what, I’m going to redesign’, and the price is double. It’s not right. If you’re a good designer and you know what you’re doing, you don’t have to,” he says. “It is important for cheap Mulberry to be honest about what we create, the quality and the price. We are not a brand that says we want to make masses of money.” Then again, he’s deadly serious about his ambitions. “I’m not here just to play,” he concludes. “I’m here to make a success.”

Mulberry introduces the new Kensal handbag from the spring/summer 2017 catwalk

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While we were momentarily distracted by Cara Delevingne’s cool next season collection for Mulberry, we’re BACK in the here and now with a bang, as Mulberry launch the latest addition to their rather good-looking family.

They created the Kensal shoulder bag especially for the Mulberry spring/summer 2017 show, and it is a thing of BEAUTY.

Based on a classic envelope design, with a traditional briefcase lock, the twist is the fact it’s double-sided! So you totally get more bag for your buck, right? RIGHT.

Coming in two sizes and LOADS of new season colours including Black, Oak, Fiery Red or Cream Velvet Calf Leather, Midnight Blue Haircalf Mix Leather and Pavement Grey Ostrich Mix Leather, the Kensal is one seriously stylish bag.

While it can be worn on the shoulder or across the body, we quite like the way Cara et al were carrying this cute design as a clutch on the SS14 catwalk. And apparently that’s SO the new way to handle your handbag.

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Guess we better start saving our pennies *cough* £95 – £220 *cough*, then…

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Shop the new Kensal handbag collection at topmulberrybags.co.uk.

Time to invest in Replica Mulberry Group plc, Burberry Group plc and Jimmy Choo plc?

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Today I’ll be taking a closer look at three luxury British brands famed for their designer clothing and accessories. This fashionable trio may be great at designing scarves, replica handbags and shoes – but could you seriously invest in Mulberry, Burberry and Jimmy Choo?

Challenges remain

Famous for its signature check, Burberry (LSE: BRBY) is also known for its trench coats, cashmere scarves, other accessories and, more recently, its high-margin replica handbags. The retailer has enjoyed relentless growth for over a decade as overseas markets have been lured by the brand’s British heritage. But full-year results to the end of March revealed a drop in pre-tax profits coupled with lower revenues as the slowdown in the key Asian market continued to take its toll. The disappointing results have led to the firm announcing a three-year investment and cost-saving strategy, as well as management changes with a new CEO set to join.

But the challenge facing the luxury market, particularly in China remains a concern, and the City doesn’t expect replica Burberry to return to growth until at least 2018. The shares have lost a fifth of their value this year, and are trading well below all-time highs of £19 reached in 2015. Currently trading at around £13 with a forward price-to-earnings ratio of 19, I believe this luxury brand is still too expensive, despite the heavily discounted price-tag.

Too risky

Mulberry (LSE: MUL) is another London-listed fashion brand catering for customers with more exclusive tastes. The upmarket retailer designs and sells a whole host of clothing and footwear, but continues to be best known for its luxe leather replica handbags.

Unlike its much bigger rival Burberry, AIM-listed Mulberry replica pleased investors with strong results for fiscal 2016. A sharp rise in pre-tax profits to £6.22m, compared to just £1.86m reported a year earlier, and revenues also up from £148.7m to £155.9m came after it introduced more ‘affordable’ luxury products.

After three year of decline, the Bath-based business looks to have turned a corner with brokers expecting a strong rise in earnings this year and next. But the shares are trading at 12 month highs after gaining more than a fifth this year, and I would say that the predicted growth is well-and-truly-priced-in with premium earnings multiples of 110 for this year, falling to a still-expensive 78 for the year to March 2018. The risk remains that the shares could tumble if the company fails to deliver on the ambitious growth forecasts.

Successful growth strategy

Jimmy Choo (LSE: CHOO) is a luxury British fashion house synonymous with designer shoes. The London-listed small-cap remains upbeat about its prospects saying it has enjoyed a good start to 2016 while it continues to deliver its successful growth strategy and remains focused on controlled expansion. Brand awareness continues to grow strongly, particularly in China where the label is under-penetrated.

City analysts are also positive about the company’s prospects, predicting strong double-digit earnings growth over the medium term, with underlying profits expected to reach to almost £30m by the end of next year. Not bad for a company that reported a pre-tax loss of £8.3m as recently as 2014. The shares look good value at 14 times earnings for 2017 given the strong growth outlook, and in my opinion now could be a good time to buy ahead of interim results due on 25 August.

How you too could shop at Mulberry, Burberry and Jimmy Choo!

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The Handbag Clinic offer up Mulberry replica bag for Ladies Day Best Dressed winner

— Newcastle business The Handbag Clinic have donated the black Mulberry to Newcastle Racecourse as one of the Ladies Day prizes

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We’ve seen queues of women lining up in the early hours in freezing temperatures to get themselves one from Fenwick’s Christmas sale and now a coveted Mulberry replica bag will be one of the prizes for Ladies Day’s newest Best Dressed winner.

Once again fashion experts will be at Newcastle Racecourse on Saturday for the glamorous annual event and at the end of the afternoon one lucky lady will walk away with a prize package that includes return flights to New York, an overnight stay in The Vermont Hotel, personal training sessions and VIP treatment at Livello and Aveika.

And then there’s the small matter of the Mulberry bag, worth £175, being donated by Newcastle city centre business The Handbag Clinic.

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Charlotte Staerck of Handbag Clinic which will be giving away a Mulberry handbag (pictured) at Ladies Day

We called into the Mosley Street store on Friday afternoon to catch a glimpse of the prized ‘Lily’ bag and speak to the Clinic’s Purchasing Manager Charlotte Staerck about what it is about replica Mulberry bags that send women’s excitement levels soaring.

“Everyone loves a Mulberry because they’re ideal for work, nights out and events like Ladies Day. They’ve got a real classic look.”

The Handbag Clinic, who will be at Ladies Day with their giant pink handbag, stock a who’s who of high end designers with other bags on the shelves including Hermes, Valentino, Dior and Prada.

They are planning a week dedicated to Louis Vuitton early next month. Watch this space for further details.

Bury St Edmunds-based Mulberry handbag designer Mary Jardine secures Fenwick trial in Colchester

— An East Anglian company which has made replica handbags for stars including Emma Watson and Keira Knightley is hoping to get its brand into leading retail chains.

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Suffolk-based Jardine of London’s “Queen” handbag.

Jardine of London, which is based in Bury St Edmunds, has secured a trial placing for a selection of its bags in department store chain Fenwick’s newly refurbished Williams & Griffin outlet in Colchester.

“We are hoping they will roll out our brand in the rest of the Fenwick stores,” said founder Mary Jardine, who launched the business in 2014.

“We are approaching other stores such as John Lewis and Selfridges at the moment also.”

And she believes there are “exciting times ahead as I jostle for position next to Mulberry oulet, Aspinal of London, Vivienne Westwood, etc.”

Mary, who designs the replica bags herself, said she had the “light bulb moment” to create a high-end luxury British handbag business as she approached her 50th birthday.

Her bags are British-made and do not feature the overt “designer” branding of other up-market labels.

“Obvious branding has long appeared on many of the replica designer handbags brands. For years I have admired these beautiful designs, but along with many other women, this overt branding repeatedly turns me away,” she said.

“We are disrupting the market by offering a luxury replica handbag brand that does not put overt branding on the outside of the bag.

“I created Jardine of London to appeal to women who would love to own a classic and timeless handbag without feeling that they are wearing a banner pointing an arrow at the
branding on the outside of their bag.”

She added: “With manufacturing in the UK declining in the fashion world, I felt the need to support British manufacturing. To that end, I felt determined to have my replica handbags uk all handcrafted in Britain.

“I am proud to have a selection of my bags trialled in one of the Fenwick stores, a truly British department store.”

Replica Mulberry Unveils Fall 2016 Campaign

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A visual from the replica Mulberry fall 2016 campaign.

SEEING DOUBLE: Dualities in fashion and in life is the theme of Mulberry’s latest fall 2016 campaign, entitled “Self/Reflection.”

Shot by Coco Capitán, it features twin models Lia and Odette Pavlova, who are photographed as each other’s reflection. One is dressed in a sheer plum blouse and a yellow jacquard slipdress, while the other dons an identical outfit in a darker palette. The brand aims to highlight the different qualities of the cheap Mulberry woman, which it described as “strong and striking, yet soft and feminine.”

“Lia and Odette have such distinctive looks and we played with their ‘twinness’ to twist the idea of reflection — sometimes you’re looking at one girl in a mirror, sometimes you see two, reflecting each other in their pose instead. The result is intriguing and playful,” said Johnny Coca, creative director of the British luxury brand.

The 22-year-old Russian models walked in many major fashion shows during the fall season, including Gucci, Saint Laurent and Valentino. Most recently they also were in ad campaigns for Givenchy, Emilio Pucci and Gucci’s exclusive capsule collection for Net-a-porter.

The Mulberry campaign also places focus on the new range of accessories designed by Coca, including studded hoop earrings, playful round-frame sunglasses and the label’s new replica handbags style, the Chester, which features a colorblock tote with military-inspired silver hardware.

Following Coca’s debut collection last February, Mulberry outlet has brought its average prices down and invested in product design and development. Thierry Andretta, the company’s chief executive officer, explained that his aim is to work alongside Coca to transform Mulberry replica into a lifestyle brand, with leather goods at its core, and full footwear and ready-to-wear lines that channel the label’s British roots and bohemian flair.

“We really want a complete 360-degree vision in every category and to target both the existing and aspirational customer,” Andretta told WWD earlier this year.

The new campaign will break in September issues of publications such as British Vogue and Harper’s Bazaar U.K., and there are plans of releasing that month a second video exploring the “Self/Reflection” theme featuring more products from the fall range.