The company was founded in 1971 by Roger Saul and his mother Joan, and in 1973 they opened a factory in Chilcompton, Somerset, England. The area was already established for leather fabrication, notably by Clarks shoes. Mulberry established itself as a British lifestyle brand, noted for its leather poacher bags including the binocular bag and dispatch bag. The range includes male and female fashions, leather accessories, and footwear. Mulberry Group plc is listed on the London Stock Exchange as MUL, and shareholders with 250 or more shares are entitled to a 20% discount at Mulberry’s shops.

In 2000, Saul recruited Scott Henshall as their new Creative Director. At the time, the company was in the red and Scott was enlisted to transform the company.

He produced jewel items and was responsible for their fashion and accessory collections, their rebranding and advertising where Scott chose Anna Friel as the face of Mulberry and for placing the brand on major celebrities, including Victoria Beckham, Kate Winslet, Cameron Diaz and Zara Tindall.

Henshall departed from Mulberry in 2001, to focus on his own mainline collection.

In 2006, Mulberry launched an apprenticeship programme to encourage local youths to learn production skills and providing training and employment for the local community. Apprentices that graduate from the programme are offered a job at the factory in Somerset.

The company reported a revenue in 2012 of £168.5 million, and an operating income of £35.4 million, with a net income of £36.0 million.