Mulberry
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Jun- 2019 -19 JuneHigh Street
Mulberry swings to £5m loss in 2018
Handbag retailer Mulberry has reported losses before tax of £5m for the year ending 30 March 2019. Revenue decreased by £3.4m to £166.3m during the year, and the retailer said the disruption from the House of Fraser administration “materially affected” the group’s UK performance. Despite this, Mulberry saw revenues increase…
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Aug- 2018 -20 AugustDepartment Stores
House of Fraser woes push Mulberry into £3m loss
Designer fashion brand Mulberry has issued a profit warning following the financial woes of House of Fraser. With the company, saying it expects to absorb costs of £3m due to the chain’s restructuring, the company’s shares dropped by 30% following the announcement. Mulberry operates 21 House of Fraser concessions, employing…
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