Julie Gilhart, non-executive director at Mulberry, will step down after nearly ten years.
- Gilhart’s term concludes at the upcoming AGM on 19 November 2024.
- She joined Mulberry’s board as an independent director in December 2014.
- Chris Roberts expressed gratitude for Gilhart’s contributions over the decade.
- Frasers Group recently increased its stake in Mulberry amid takeover discussions.
In a recent announcement, Mulberry revealed that Julie Gilhart, its non-executive director, will step down following the company’s upcoming Annual General Meeting (AGM) scheduled for 19 November 2024. Gilhart’s departure marks the end of nearly a decade-long tenure with the British luxury fashion house.
Julie Gilhart joined the board of Mulberry as an independent non-executive director in December 2014, bringing with her a wealth of experience from her previous 18-year tenure at Barneys New York, where she served as the fashion director. Her role at Mulberry has been instrumental in steering the brand’s creative vision and aligning it with contemporary market trends.
Chris Roberts, chairman of Mulberry, 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 remarks underscore the valuable impact Gilhart had on the company’s strategic direction during her term.
In related business developments, Frasers Group has made a strategic move by acquiring an additional 3.93 million shares in Mulberry at 100 pence per share. This acquisition increases Frasers’ stake from 36.8% to 37.2%, amidst ongoing discussions about a potential takeover, following a previously rejected £83 million bid. Frasers Group must decide by 28 October whether to proceed with a formal offer or withdraw from the takeover bid.
Julie Gilhart’s departure from Mulberry signifies the end of an era as the brand navigates significant shareholder interest and strategic evaluations.
