Mulberry losses widen as ‘challenging’ UK market hits sales

By Grace Bowden2019-11-13T07:32:00

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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