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Mulberry blames high street crisis and House of Fraser woes for loss

By Zoe Wood and Sarah Butler

Sales fall 8% while debts from department store collapse and fewer tourists add to losses

The luxury handbag maker Mulberry has blamed tough high street conditions and the collapse of House of Fraser for widening first half losses.

The company, best known for its Bayswater and Alexa bags, slumped to a loss before tax of £8.2m in the six months to 30 September, compared with £600,000 a year ago, as the failure of House of Fraser wiped out more than £2m of profit. Overall sales fell 8% to £68.3m despite a strong showing overseas.

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Via:: https://www.theguardian.com/business/2018/nov/07/mulberry-blames-high-street-crisis-for-widening-losses-house-of-fraser