Mulberry launches joint venture for Japan

Onward Global Fashion is a wholly owned subsidiary of Onward Holdings which is listed on the Tokyo Stock Exchange.

The new company, Mulberry Japan, will have its headquarters in Tokyo and will develop the group’s retail, digital, omnichannel and wholesale business in the Japanese market.

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Mulberry and Onward Global Fashion will be equal partners, each owning 50% of the share capital of Mulberry Japan, and will invest a total of £2.8 million in Mulberry Japan’s share capital…