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UK Luxury Brand Mulberry Says Trading Improving after Full Year Loss

UK Luxury Brand Mulberry Says Trading Improving after Full Year Loss

Monday, 5 October, 2020 - 07:30
A model presents a creation from the Mulberry Spring/Summer 2014 collection during London Fashion Week September 15, 2013. (Reuters)

British luxury brand Mulberry reported a year to end-March annual loss of 14.2 million pounds ($18.4 million) but said it had traded ahead of its expectations as stores had reopened after the COVID-19 lockdown.


The group, best known for its leather bags, said revenue was down 29% for the 26-week period from March 29 to September 26.


It said it expected losses to be reduced in the current financial period.


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