Mulberry warns House of Fraser collapse will damage profits

Luxury bag firm, which operates 21 concessions in chain’s stores, expects £3m hitLuxury handbag maker Mulberry has warned that it faces a slump in profits after suffering a £3m hit from House of Fraser’s collapse into administration.Mulberry, which has already reported struggling sales as wealthy tourists favour Paris and Milan over London, operates 21 concessions in House of Fraser, employing 88 staff. Continue reading...