British luxury brand Mulberry has raised 20 million British pounds ($27.1 million) in convertible debt from its two largest shareholders, Challice and Frasers Group, to strengthen its operations and support future growth. The company also plans to raise an additional 1.2 million British pounds ($1.63 million) from minority shareholders through a retail share offering. Alongside the fundraising, Mulberry reported a 21% drop in revenue for fiscal year 2025, down to 120.4 million pounds ($163.3 million), and an underlying pretax loss of 23.7 million pounds ($32.2 million).