Mulberry’s founder has said luxury brands will “think very hard” about continuing to deal with House of Fraser after the department store chain’s collapse into administration and subsequent takeover by Mike Ashley’s Sports Direct.
Mike Saul told the BBC’s Today programme the “reverberation around the designer fashion world is fairly enormous” and the business’s collapse would usher in a “fundamental change to how retailing will work”.
House of Fraser’s administrators EY revealed last week suppliers, including a host of well-known designer brands, will not be paid millions of pounds worth of debts.
