By  on August 20, 2018

LONDON — Mulberry said Monday that its profits would be hit by House of Fraser’s collapse and saw its shares plummet 30 percent as a result.

The luxury handbag company issued a trading update after House of Fraser, in which it operates 21 concessions, entered into administration on Aug. 10. Mulberry said it expects to spend 3 million pounds for exceptional costs in the results for the six months ended Sept. 30.

To continue reading this article...

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus