By  on April 17, 2014

LONDON — Mulberry Group plc warned pre-tax profits for the year ended March 31 would be slightly below expectations, as the company re-thinks its strategy, lowers its prices, and downshifts the pace of new store openings in the current year.

Mulberry, which over the past 10 months has seen the departure of its chief executive officer Bruno Guillon and its creative director Emma Hill, said turnover for the year would be "broadly in line with expectations."

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