Mulberry will take a profit hit of around £3m as they currently operate 21 concession stands in House of Fraser.
They currently employ 88 people across the UK as part of its global store and digital network. However, due to the collapse they are now expected to provide £3m for exceptional costs in the results for the six months to 30 September 2018.
A spokesperson from Mulberry has said “If these sales trends in the UK continue into the key trading period of the second half of the financial year, the group's profit for the whole year will be materially reduced.
“The group is in a strong cash position and continues to follow its strategy to develop Mulberry into a global luxury brand. Over the past two years the group has enhanced the international network, particularly in Asia, and will continue to invest in the omni-channel experience and marketing across its international markets.” They said.
