Mulberry Group falls after bigger first-half loss

Mulberry

19/11/2024 10:41

** UK luxury brand Mulberry Group's  MUL.L  shares down 6.8% to
110p
** Company's loss before tax widens to 15.3 mln pounds ($19.4
mln) for the 26 weeks ended Sept. 28 vs 12.3 mln pounds a year
earlier
    ** H1 global revenue falls 19% to 56.1 mln pounds
    ** Mulberry's retail sales in the UK, company's biggest
market, down 14% to 31.3 mln pounds
    ** Company says it is taking steps to streamline operations
and improve margins under new CEO Andrea Baldo
    ** As of last close, stock down 28.5%

(Reporting by Subiksha S in Bangalore)
((Subiksha.S@thomsonreuters.com))