By  on June 19, 2019

LONDON — Mulberry reduced losses in the year ending March 2019, even if costs to establish subsidiaries and shift business from wholesale to direct-to-consumer continued to eat into its bottom line.

Revenues were broadly flat at 166.3 million pounds, compared to 169.7 million pounds last year, while adjusted profit before tax fell to 1 million pounds from 8 million pounds last year.

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