Mulberry has warned of the impact it expects from the coronavirus pandemic following the closure of its UK stores on 21st March. It had been expected to generate a profit during the second half of its current financial year but now says it expects a small loss.
CEO Thierry Andretta said: “Our highest priority at this time is the health and safety of our colleagues, customers, and all other stakeholders. Whilst it is uncertain how long the virus will directly impact our markets and our businesses, we remain confident in the strength of our brand, and in our strategy over the long term.”
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