Mulberry sets up Japan joint venture

UK-Japan News August 2017

British luxury fashion house Mulberry Group Plc has announced it has signed an agreement with Onward Global Fashion, its licensing partner in Japan, to set up a joint venture, the Financial Times reported on 8 July.

The new agreement gives Mulberry greater control than it had under the previous distribution agreement. It also allows the UK firm to sell its handbags and other leather goods in Japan, where the firm says it sees a “significant growth opportunity”.

Both firms have an equal stake in the venture, and are set to invest £2.8mn in the new enterprise.