Mulberry 'planning new factory in Devon'

Mulberry, famous for it handbags, was launched as a fashion brand in 1971

Luxury goods company Mulberry is looking at setting up a factory in Devon with the creation of up to 300 new jobs, the BBC understands.

Company managers have been visiting a series of potential sites across Devon, including Exeter, Plymouth and near Newton Abbot.

Mulberry - best known for womenswear and its leather handbags - was launched as a fashion brand in 1971.

The Somerset-based company reported profits of £36m for the year to March.