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Mulberry's sales of luxury goods fall sharply in UK

By Angela Monaghan

British bag manufacturer says weak pound causing tourists to shop elsewhere in Europe

Mulberry’s UK sales have been hit in recent weeks as wealthy tourists favour Paris and Milan over London for their luxury shopping sprees.

The British designer bags manufacturer said foreign tourists were choosing other European destinations because rival luxury brands had raised their UK prices to compensate for the weak pound.

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Via:: https://www.theguardian.com/fashion/2018/jun/13/mulberrys-sales-of-luxury-goods-fall-sharply-in-uk