Mulberry cuts losses by £23m as sales rebound
Culture Index
Score Breakdown
Relevance
9/25
Freshness
24/25
Authority
18/20
Brand Signal
3/15
Depth
7/15
5-Axis Cultural Radar
Mulberry has dramatically narrowed its annual losses as higher sales, reduced discounting and tight cost control boosted its turnaround efforts. The luxury retailer’s reported pre-tax loss fell to £8.9m in the 52 weeks to 28 March, compared with a restated £32.2m loss the previous year. Underlying pre-tax losses narrowed to £8m from £24.1m, while the...
