Pursuits
Mulberry World’s Top Fashion Stock as Overseas Sales Boom
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Mulberry Group Plc, the 40-year-old British luxury-handbag maker, is the world’s best-performing fashion retail stock over the past year and its sales may keep gaining, driven by overseas growth, analysts say.
The stock has risen 526 percent to 1,756 pence in the past 12 months, making it best performer in the apparel retailers segment, according to Bloomberg data. Among all retailers, it’s behind only PT Mitra Adiperkasa, an Indonesian company that runs Starbucks Corp. coffee shops and Sogo department stores in the country, which has risen 641 percent over the period.