Mulberry makes surprise chief executive change amid luxury spending struggles Business The luxury brand has suffered this year as wealthy shoppers continued to slow their spending.
Uncool Britannia: What is going wrong at Dr Martens, Burberry and Mulberry? Retail Thursday proved to be another challenging day for British heritage brands, with Dr Martens revealing a plummet in annual profits largely due to dwindling demand from US shoppers.
Mulberry continues to suffer on weak luxury demand retail Consumers have continued to spend on makeup and beauty goods but have reduced their spend on some luxury items like handbags.