Mulberry cuts a quarter of HQ staff after sales slump and bigger losses
CEO says he will launch review to make company ‘leaner, more agile’ and the firm will ‘renew its relevance’Business live – latest updatesMulberry is cutting a quarter of its head office staff, as the beleaguered British luxury handbag maker reported that half-year sales slumped by almost a fifth and losses had widened.The company, which last month rejected a £111m bid from 37% shareholder Mike Ashley’s Frasers Group, is in the process of cutting 85 roles from the 350 staff employed in corporate functions. Continue reading...
CEO says he will launch review to make company ‘leaner, more agile’ and the firm will ‘renew its relevance’
Mulberry is cutting a quarter of its head office staff, as the beleaguered British luxury handbag maker reported that half-year sales slumped by almost a fifth and losses had widened.
The company, which last month rejected a £111m bid from 37% shareholder Mike Ashley’s Frasers Group, is in the process of cutting 85 roles from the 350 staff employed in corporate functions. Continue reading...
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