The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
LONDON, United Kingdom — Mulberry Group Plc, a British luxury-handbag maker, said full-year sales and profit will miss estimates because of weak business in the last 10 weeks.
Pretax profit for the year ending March 31 will be about 26 million pounds ($39.5 million), the company said today in a statement. That compares with the 30.7 million-pound average estimate of three analysts compiled by Bloomberg. Revenue will be about 165 million pounds, Mulberry said, compared with the 176 million-pound average estimate.
“Trading across the retail portfolio during the last 10 weeks has been disappointing, including a reduction in tourist spending in the London stores,” Mulberry said.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
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After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.