UK: Mulberry Dips Into FY 2002 Loss Of £813,000
Before tax, the Group made a loss of £1.7 million against a profit of £0.3 million in 2001.
The results for the full year include the trading losses and one-off costs of the closure of the stores in Tokyo and Brussels, the final costs of the brand review and the write-off and loss of revenue associated with the refurbishment of its flagship store in Bond Street.
In the US Mulberry's partners have halted a store rollout until the economic outlook is clearer. In the UK, however, the company says both retail and wholesale sales around the country are strong.
Mulberry Group said yesterday (8 December) that concentrating on its core products of handbags and leather accessories had helped it achieve a 59% increase in sales in the first half of the year....
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The growing importance of Russia and the Middle East as major markets for UK fashion and accessories was highlighted at last week's presentation in London of the 2004 UK Fashion Export Awards, with Mu...
Luxury goods brand Mulberry Plc has reported a 50 per cent leap in its spring sales, attributed to the company's continuous strategy to turn around its image....
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