LONDON — The luxury virus is catching: Shares in Mulberry Group plc fell more than 25 percent on Tuesday following news that a slowdown in demand among the brand’s Asian wholesale clients would dent year-end sales and profits.
“Primarily due to lower wholesale revenue, Mulberry now expects group revenue growth for the year to 31 March, 2013 to be below market expectations,” said Bruno Guillon, the company’s new chief executive officer, in an unscheduled trading update that rocked the market Tuesday morning.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)