Mulberry has blamed the closure of its store on Bond Street, W1, on the decision to scrap VAT-free shopping.
The luxury retailer said the so-called tourist tax had stunted its growth, causing it to lose £11.3m, or 10% of UK sales, during its last financial year.
Industry figures respond to “disintermediation” and brand recognition threats to broker model
EDITOR’S COMMENT Mark Preston has been carving a path for the group since the financial crisis
The firm will occupy the entire Kova KX development
Company buys HQ for £1.8m
