Mulberry sales decline as wealthy shoppers slow spending
The Guardian - 2024-05-01T12:12:46.000Z

Luxury British brand expects challenging trading conditions in UK and China to continueMulberry, the luxury British brand best known for its leather handbags that can cost more than £1,600 each, has reported a 4% decline in annual sales, becoming the latest high-end company to warn of a slowdown in spending among the richest shoppers.In a trading update, Thierry Andretta, the chief executive, said: “While we achieved positive revenue growth in the first half, Mulberry has not been immune to the...

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