Mulberry is pulling the shutters down in Bond Street for the last time (Nick Ansell/PA)
(Picture: PA Wire)Mulberry, the world-famous British fashion brand, will close its Bond Street store for the last time today, as the demise of lower-tax shopping for tourists leaves London boutiques struggling to compete with rivals in Paris, Milan and Rome.
The A-List’s favourite handbag designer made the move after the end of a rebate scheme for travelling spenders. Visitors from abroad will not be able to claim back the 20% VAT levied on their purchases, after plans to re-instate perk were axed by Chancellor Jeremy Hunt, to the dismay of the capital’s retailers.
