Since the Hill announcement was made, Mulberry's share price fell by 8%, wiping £40m off the company's value in a jiffy. A relative unknown when she joined the company in 2008 slap-bang in the recession, she is hailed to have revolutionised the company's designs, appeal and its marketing. Hill has achieved the holy grail in Mulberry's reach to a cross section of ages, demographics and budgets. I'm certain she's got a good team behind her, but change like this needs to be driven by a strong leader and visionary.
It's also worth mentioning the management team at Mulberry, giving a visionary leader their head and scope to change and develop the company takes confidence - or disinterest - in this case the latter is unfeasible to consider.
The other nice thing about the story is that Mulberry bags are still manufactured in the UK - Somerset to be precise. They produce up to 2,000 bags a week.
The loss of Hill certainly seems to have created a vacuum at Mulberry and one that will be very hard to fill. But I hope this British brand manages to survive the loss without too many scars.
It's really heartening to feel that one person can make such a difference in the corporate world we live in, and that the difference lies in that person's creativity.