Monday, August 20, 2018

Mulberry warns House of Fraser collapse will damage profits

Luxury bag firm, which operates 21 concessions in chain’s stores, expects £3m hit

The luxury handbag maker Mulberry has warned that it faces a slump in profits after taking a £3m hit from House of Fraser’s collapse into administration.

Mulberry, which has already reported struggling sales as wealthy tourists favour Paris and Milan over London, operates 21 concessions in House of Fraser, employing 88 staff.

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from Fashion | The Guardian https://ift.tt/2N1cNiS
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