Luxury accessory brand Mulberry saw its first-half pre-tax profit drop with 43pc after investing in advertising and expansion abroad. According to the accessory label, this was expected and necessary to take on new markets. Mulberry’s pre-tax profit came to £1.2 million for the six months to 30th September compared to £2.2 million of last year. In total, sales and like-for-like sales respectively rose with by 4pc and 11pc.

In 2007 Mulberry launched eight new boutique’s and nine concession shops worldwide. The luxury brand is looking to open eight new shops and four concessions in the upcoming half year.

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