Cara Delevingne modelling for Mulberry
Mulberry is on the verge of announcing its new creative director and chief executive.
Non-executive chairman of the English fashion label, Godfrey Davis, has reassured shareholders that more stable financial times are ahead, hinting they are close to making the appointments.
He told the Daily Telegraph newspaper: "We are actively working on both [a new chief executive and creative director]. We hope to tell the market fairly soon."
The brand - who specialise in women's handbags and leather goods - have suffered further disappointing financial resultsyesterday morning, with shares falling by 20 per cent after the announcement of a 17 per cent drop in revenue over the past six months.
Former creative director Emma Hill left Mulberry in September last year, claiming she'd had "disagreements with management over creative and operational strategy."
Following her departure, Chief Executive of Operations Bruno Guillon also left his position, prompting the temporary reinstatement of former chairman Davis, multiple profit warnings and a withdrawal from the London Fashion Week schedule.
Davis has also revealed that the candidate Mulberry has its sights on to replace Emma is "understood to be" contracted to another company, adding that the brand "won't announce anything until the planets are aligned".
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