The collapse of House of Fraser and a fall in the number of tourists to Britain have hit annual profits at Mulberry.
The luxury British handbag maker, which sells its products for about £1,000 apiece, lost £3 million as a result of the department store chain going into administration in August. This contributed to a pre-tax loss of £5 million for the year to March, compared with a pre-tax profit of £6.9 million last year, as UK revenue fell by 6 per cent to £121.6 million.
The collapse of House of Fraser and a fall in the number of tourists to Britain have hit annual profits at Mulberry.
The luxury British handbag maker, which sells its products for about £1,000 apiece, lost £3 million as a result of the department store chain going into administration in August. This contributed to a pre-tax loss of £5 million for the year to March, compared with a pre-tax profit of £6.9 million last year, as UK revenue fell by 6 per cent to £121.6 million.
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