Luxury Brand Mary Is Optimistic About The US And Chinese Market.

British luxury brand Mulberry

Because its profit growth is more than four times the expected value, it expects sales in overseas markets to exceed sales in the UK market in the next two years.

Godfrey Davis, President and CEO of the company, said: "maybe in the year after next, overseas sales will exceed sales in the UK, and this trend will continue.

We have two stores in New York, so many people are going to spend. We also have a store in Beijing, China. There are many people there. "

Mulberry designs, produces and sells leather goods and accessories. In the UK, there are 44 self run stores and department store stores, and there are 42 self run or franchised stores overseas.

Davies expects to open at least 12 overseas stores between 2011 and 2012, including site selection.

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An analyst at the agency said: "because there is a vast luxury market outside the UK, we believe this is the beginning of the Mulberry story."

The global luxury market has been recovering strongly since last year, without fear of strong pressure from Europe and entering a fast developing market economy.

In the first quarter of March 31st, the profit before tax amounted to 23 million 300 thousand, exceeding the analyst's forecast of 21 million 500 thousand.

Revenue from 2010 to 2011 increased by 69% to 121 million 600 thousand pounds, and global sales rose 145% to 40 million 500 thousand pounds.

Retail sales and wholesale sales increased by 38% in the first 10 weeks of June 4th.