Belfast Telegraph

Mulberry battered in market handbagging

By David Elliott

One of the most worrying insights into confidence amongst consumers was unveiled yesterday from posh bag maker Mulberry and it wasn't pretty.

As a maker of handbags which cost more than many second-hand cars (more than £600 I'm informed) the English company is always going to suffer when high-end consumers are feeling a bit iffy about their future disposable income. However, its profit warning, which caught the market on the hop, saw nearly a quarter of the firm's value wiped out and dented confidence right across the sector.

The contagion effect may be a little overdone because despite its higher-end appeal, Mulberry is as vulnerable to fickle fashions as any other clothing or accessory label.