Mulberry is one of the most recognizable bag labels from Britain. The Somerset-based company by far has been one of the most successful in the world, and in spite of the retail gloom, they have revealed that their shares are rising. This is perhaps because people are still forging ahead and burning a hole in their pockets by purchasing the Alexa and Tillie ‘It Bags’. The bags cost between 500 Pounds and 1000 Pounds.
The company’s shares moved ahead from 180p to 1400p yesterday. Many of the consumers for the bags come from nouveau-riches in the countries of Brazil and China. There are also many recession resistant customers in the U.K. who have been splurging on these bags as well.
It just shows that there si no end to the luxury industry and as long as people have a taste for the refined, the industry would continue and flourish no matter how bad the economy is. So go ahead, and get a Mulberry It bag for yourself, and you could soon be the new It girl on the block. Mulberry bags are known for their style, their elegance and sophisticated charm. Perhaps it is time that you bought one for yourself!
Via: Daily Mail/ The Express