Mulberry warns House of Fraser collapse will cost it £3m

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Mulberry bags.
Mulberry

Luxury handbag maker Mulberry is putting aside £3m to cover costs relating to House of Fraser’s collapse.

Mulberry operates 21 House of Fraser concessions, employing 88 people.

Its estimate follows a review of the debts and potential costs that may result from the store chain’s restructuring by buyer Sports Direct.

Mulberry also warned that its full-year profits could be “materially reduced” if current tough conditions continued in the second half of the year.

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