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Evening Standard
Evening Standard
Business
Joanna Hodgson

Mulberry sales dented by luxury sector challenges and loss of VAT-free shopping

Mulberry Group's chief executive has warned that the lack of VAT-free shopping is hitting businesses, as the bag maker reported a fall in revenue amid challenges in the luxury retail sector.

In the run up to Christmas the AIM-listed brand stuck to a full price sales approach. It saw revenue fall 8.4% in the 13 weeks to December 30, with a decline of 4% in the UK.

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