Looking for a new operator of Mulberry stores in Australia

The Australian operations of luxury handbag brand Mulberry are up for sale after the fashion giant decided to take back control of its local franchise from a company overseen by directors of bankrupt retailer Sneakerboy.

Mulberry, which is listed on the London Stock Exchange and is a favorite brand of celebrities including the Duchess of Cambridge, Kate Middleton, has five stores in Australia – three in Melbourne and two in Sydney.

Mulberry’s Alexa bag, named after Alexa Chung,Credit:

The leather goods brand operates as an independent franchise in Australia, led by Luxury Retail No 1.

Luxury Retail No 1. is led by Melbourne-based Nelson Mair and Theo Poulakis, who also ran luxury footwear and streetwear retailer Sneakerboy. Sneakerboy was placed in voluntary administration last month owing more than $17 million to creditors.

Directors Hamilton Murphy were called to Sneakerboy last month due to short-term funding difficulties, the directors said. The company has sold luxury shoe brands including Adidas and Alexander McQueen and has been forced to close stores during lockdowns for the past two years.

In a statement on Friday, receivers McGrathNicol said Mulberry Group had appointed them receivers of Luxury Retail No 1.

Mulberry stores will continue to operate as usual, with all staff remaining employed and stores open.

McGrathNicol partners Barry Kogan, Jonathan Henry and Robert Smith have now taken control of the business as receivers.

“The appointment has been made due to Mulberry Group’s concerns over the continued viability of Luxury Retail, and comes after Mulberry Company (Australia) Pty Ltd recently acquired the secured debt owed by Luxury Retail to a third party,” said the group in a press release. .

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