World’s Top Fashion Stock as Overseas Sales Boom

The 40-year-old British luxury-handbag maker, is the world’s best-performing fashion retail stock over the past year and its sales may keep gaining, driven by overseas growth, analysts say.

The stock has risen 526 percent to 1,756 pence in the past 12 months, making it best performer in the apparel retailers segment,according to Bloomberg data.Among all retailers Hermes birkin bag, it’s behind only PT Mitra Adiperkasa,an Indonesian company that runs Starbucks Corp.coffee shops and Sogo department stores in the country, which has risen 641 percent over the period.

Investors are betting Mulberry, whose Hermes bags include the Alexa, named after British model and television hostess Alexa Chung, and its Bayswater bag, available in a “bright-cabbage sparkle tweed” at 775 pounds ($1,250), will join the likes of Burberry Group Plc (BRBY) as an iconic luxury brand.

“Growth is very hard to come by,particularly in western Europe,but there are still some companies growing incredibly fast,” said Harry Nimmo,manager of the 1 billion-pound U.K. Smaller Companies Fund at Standard Life Investments Hermes birkin.

Nimmo’s funds are the third-largest holder of Mulberry stock and own 7.2 percent of Asos Plc (ASC), a U.K. Internet clothing retailer. Asos is western Europe’s second-biggest gainer among clothing retailers above a market value of $10 million over the past year,Bloomberg data show.

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