Mulberry slips on wholesale demand

AOL Money Staff
Mulberry
Mulberry

Handbag maker Mulberry has signalled more pressure on the luxury goods market after half-year profits slumped 36% amid slowing demand in Asia.


The group, which recently warned over full-year profits due to disappointing international sales, said trading in its wholesale arm had worsened in recent weeks as Asian franchise partners cut orders.
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