June 8, 2020 / 8:42 AM / a month ago

UK luxury brand Mulberry to cut 25% of workforce

LONDON, June 8 (Reuters) - British luxury brand Mulberry plans to cut its global workforce by about 25% as it seeks to reduce its cost base with demand hit by the coronavirus pandemic.

Mulberry said that given the uncertainty as to the impact and duration of COVID-19 on its business and the wider economy, and the consequential effect on demand, it expected the recovery in sales levels over the medium term to be gradual. (Reporting by James Davey; editing by Sarah Young)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below