Mulberry announces the departure of Julie Gilhart after nearly a decade on the board.
- Gilhart joined Mulberry as an independent non-executive director in December 2014.
- She will not seek re-election at the upcoming annual general meeting on 19 November 2024.
- Chris Roberts, Mulberry’s chairman, expressed gratitude for Gilhart’s contributions.
- Frasers Group has increased its stake in Mulberry amidst ongoing acquisition discussions.
Mulberry has revealed that Julie Gilhart, an independent non-executive director, will be stepping down from the company’s board. Gilhart’s exit follows nearly ten years of service, marking a significant tenure since her joining in December 2014. Gilhart chose not to seek re-election and will conclude her directorial duties following the Annual General Meeting scheduled for 19 November 2024.
Prior to her engagement with Mulberry, Gilhart dedicated 18 years to Barneys New York, culminating in her role as fashion director. Her extensive experience in the fashion industry has been valued by Mulberry during her term, which saw the company navigate various market challenges and opportunities.
Chris Roberts, the chairman of Mulberry, publicly acknowledged Gilhart’s contributions, stating, “On behalf of the board, I would like to thank Julie for her contribution to Mulberry over the past decade and we wish her well for the future.” His comments reflect the board’s appreciation for her strategic insight and leadership during changing times.
In related developments, Frasers Group has amplified its involvement with Mulberry by purchasing an additional 3.93 million shares at 100 pence each. This move increases Frasers Group’s ownership from 36.8% to 37.2%. Frasers has until 28 October to decide on solidifying their interest in Mulberry following a previously rejected takeover bid of £83 million.
These strategic shifts underscore the evolving dynamics within Mulberry, highlighting both individual and corporate manoeuvres shaping the company’s future.
Julie Gilhart’s departure from Mulberry marks the end of a noteworthy tenure, coinciding with crucial strategic movements within the company.
