Mulberry losses widen as ‘challenging’ UK market hits sales

Mulberry

Mulberry has posted widening losses at the interim mark as it seeks to increase focus on its international portfolio to offset sluggish UK sales.

The luxury retailer reported a loss before tax and IFRS 16 of £9.9m in the 26 weeks to September 28, compared with a loss of £8.8m the previous year.

Revenue edged up 0.8% year on year to £68.9m as international sales climbed 12% while UK sales slid 4%.

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