Know What Matters.

Mulberry reported 18% group sales growth for the first half of 2026, in line with board expectations. It credited full-price demand for seasonal and core collections and its return to London Fashion Week with Christopher Kane.

Why It Matters

Mulberry lifted US sales 28% while the share of sales made on promotion fell 300 basis points, so growth under CEO Andrea Baldo came from full-price demand rather than the discounting his strategy set out to reduce.

The Read

Christopher Kane's show, Mulberry's first runway in six years, fell in the half's final week, and the styles the brand credited were bags: Raffia, Crochet, Stevie and the Darley Camera Bags.

Profit figures are due on 19th November, following July's cut in underlying losses to £8 million from £24.1 million.

Mulberry kept its £200 million annual revenue target and a 15% adjusted EBIT margin over the medium term, against £125.5 million of revenue reported in July.

Alexander McQueen confirmed on 15th October that creative director Seán McGirr is leaving after three years. No successor has been named, and the Kering-owned house says new creative leadership will be revealed soon.

Why It Matters

McGirr's exit comes four months after Kering appointed former Prada CEO Gianfranco D'Attis as McQueen's chief executive, so both of the house's top roles have turned over within the same year.

The Read

Kering CEO Luca de Meo says the ambition is a bold new direction for the house, built on its heritage of tailoring, creativity and rebellion.

The successor will be McQueen's second creative director since Sarah Burton, whom McGirr replaced in October 2023 after arriving from JW Anderson.

Gianfranco D'Attis reports directly to Luca de Meo, which ties McQueen's leadership reset to Kering's group chief executive.

ME+EM, the British womenswear brand, raised revenue 29% to £190 million in the year to January 2026. EBITDA, a measure of core profit, rose 53% to £37 million.

Why It Matters

ME+EM grew US revenue 39% to £65 million on top of a 61% rise the year before, and says every US store was profitable in its first year of trading.

The Read

Highland Europe, which led a £55 million fundraise in 2022 with the US as the first priority, has increased its stake, and ME+EM says revenue and EBITDA have more than tripled since that investment.

ME+EM says 46% of customers placed a second order, which it puts 25 percentage points above the industry average, and almost half of active customers bought trousers.

The latest twelve months to September reached £215 million, with US revenue up 48%, a faster US pace than the full year's 39%.