Mulberry has narrowed its H1 loss as revenue dipped 4 per cent to £53.9 million (~$70.61 million) but gross margin rose to 69.2 per cent on reduced discounting.
Retail and digital revenue fell 8 per cent, while wholesale jumped 36 per cent.
Europe grew strongly, but Asia Pacific declined 17 per cent.
Costs fell 16 per cent, helping improve profitability.