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Mulberry reports a significant revenue drop and increased losses, prompting a major internal review.
Mulberry, a luxury fashion brand, reported a 19% drop in revenue to £56.1 million for the six months ending September 28.
CEO Andrea Baldo stated the need for a "rebuild" amid a challenging economic environment.
Sales in the Asia Pacific region fell by 31% and UK sales dropped by 14% due to low consumer confidence.
Pre-tax losses increased to £15.7 million.
Mulberry is undergoing an internal review to streamline operations and return to profitability.
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Mulberry reporta una significativa caída de ingresos y mayores pérdidas, provocando una revisión interna importante.