https://www.msn.com/en-gb/money/business/mulberry-swings-to-loss-on-tough-uk-retail-market-and-house-of-fraser-collapse/ar-AAD6Beu?li=AAnZ9Ug&ocid=spartanntp

Luxury handbag maker Mulberry swung to a loss of £5m last year as the “challenging” UK retail market and the collapse of House of Fraser hit sales.

The figures

Mulberry reported a pre-tax loss of £5m for the year ending 30 March, down from £6.9m profit the previous year.

Revenue from sales fell two per cent to £166.3m, with international revenue climbing seven per cent but UK revenue dropped six per cent £114.6m.