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Mulberry will close the doors to its Paris store until international tourism returns, the luxury brand said today. Exiting the lease early at its 275 Rue Saint Honoré store, slashed tourism numbers due to pandemic restrictions has seemingly hit Paris much like it has hit London. The brand will bag net proceeds after tax of [...]
Mulberry has become the latest retailer to ramp up its sustainability measures as the spotlight on environmental and social issues has intensified in the wake of fast fashion scandals. The designer accessories brand today announced it will buy back, resell or repurpose any Mulberry bag when it becomes unusable. It has also pledged to achieve [...]
Mike Ashley’s Frasers Group has increased its stake in Mulberry, sending the luxury handbag firm’s share price up more than eight per cent this morning. Frasers Group, which was formerly known as Sports Direct, has upped its stake in the designer brand to 36.82 per cent. The group, which also owns House of Fraser, Jack [...]
Mulberry is looking to cut 25 per cent of its global workforce as the British luxury brand looks to reduce its costs after demand for its products was dented by the coronavirus pandemic. Mulberry, which employs around 1,500 people globally, said it expected the recovery of its sales levels in the medium term to be [...]
Fashion house Mulberry fell to a £14.2m loss in the last financial year, the firm announced today, as the coronavirus pandemic derailed the firm in its final month of trading. The firm said that it had been on course to report a profit for the second half of the year before the virus shut down [...]
Tourists pay an extra 20 per cent for shopping in London than in Paris or Milan.
Luxury fashion brand Mulberry has become the latest brand to warn on the impact of the coronavirus on trading, as it anticipates losses in the second half of the year. The brand said it would suspend payouts to shareholders as recent trading in its stores, particularly in the UK, had been severely impacted by the [...]
Morgan Stanley’s Ted Pick won the race to succeed long-time CEO James Gorman and promised to stick to the blue chip Wall Street firm’s strategy as it navigates a deal-making slump and uncertain economic outlook. The investment bank said Gorman, who has held the top job since 2010 and steered the bank in the aftermath of the [...]
The president of Genting Casinos UK told the outlet that there is a “combination” of factors which have put high-end London casinos at a competitive disadvantage to other global marketplaces.
The government is under more pressure to scrap the so-called tourist tax, after fresh criticism from the boss of Battersea Power Station.
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