Cost of leather dints Mulberry’s profits
07/12/2012
Leathergoods retailer Mulberry has cited the cost of leather as one of the main reasons for its dramatic drop in first-half profits. The British company reported a 36% decline in pre-tax profits to £10m, which it said was “largely due to the cost of quality improvements in raw materials and manufacturing techniques”. However, sales were up 6%...
Share this story:
