Mulberry staff brace for job cuts after it reports sales slump and bigger losses
CEO says he will launch review to make company ‘leaner, more agile’ and the firm will ‘renew its relevance’Business live – latest updatesStaff at Mulberry are braced for job cuts after the beleaguered British luxury handbag maker reported that half-year sales slumped by almost a fifth and losses had widened.The company, which last month rejected a £111m bid from 37% shareholder Mike Ashley’s Frasers Group, reported a 19% fall in revenues to £69.7m in the six months to the end of September. Losses widened by 23% to £15.7m. Continue reading...
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CEO says he will launch review to make company ‘leaner, more agile’ and the firm will ‘renew its relevance’
Staff at Mulberry are braced for job cuts after the beleaguered British luxury handbag maker reported that half-year sales slumped by almost a fifth and losses had widened.
The company, which last month rejected a £111m bid from 37% shareholder Mike Ashley’s Frasers Group, reported a 19% fall in revenues to £69.7m in the six months to the end of September. Losses widened by 23% to £15.7m. Continue reading...
