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Coach handbag maker Tapestry has today missed third-quarter revenue estimates

Coach parent Tapestry lowers annual sales forecast

Coach handbag maker Tapestry has today cut its annual sales forecast and missed third-quarter revenue estimates, signaling that demand for its handbags and accessories would remain weak in North America and China.

Business • 09 May 24

Hermes sells handbags priced at more than $10,000

Hermes quarterly sales jump 17% on strong China demand

Birkin bag maker Hermes has today reported a 17% surge in first-quarter sales, sustaining a rapid growth rate from the previous quarter including in China, and underlining strong demand for high end luxury.

Business • 25 Apr 24

Coach owner Tapestry had offered to buy Capri in August, hoping to create a US fashion giant that could effectively battle bigger European rivals such as Louis Vuitton parent LVMH

US sues to block Coach & Michael Kors handbag makers deal

The US Federal Trade Commission has sued to block Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri, saying it would eliminate "direct head-to-head competition" between the flagship brands of the two luxury handbag makers.

Business • 23 Apr 24

Mulberry said it expected losses to be reduced in the current financial period

Mulberry says trading improving after full year loss

British luxury brand Mulberry has today reported an annual loss of £14.2m but forecast reduced current year losses after seeing an improving sales trend since stores re-opened after Covid-19 lockdowns.

Business • 05 Oct 20

House of Fraser was an important partner for Mulberry, with its stores containing most of its concessions outside London

Mulberry hurt by House of Fraser collapse

British luxury bag maker Mulberry swung to an annual loss as it took a £3m hit from the collapse of department stores group House of Fraser, adding to general weakness in its home market.

Business • 19 Jun 19

Mulberry's retail sales reached £56.6m in the six months to the end of September - an increase of 2%

Handbag maker Mulberry posts flat H1 group revenues

Britain's Mulberry, known for its classic leather handbags, posted a 2% rise in retail sales in the first half of its fiscal year and flat total revenues, at a time when it is making a greater push into Asia.

Business • 06 Dec 17

Michael Kors said it would shut over 100 full-price retail stores in the next two years

Michael Kors slumps on weak forecast

Michael Kors Holdings today gave a bleak full-year forecast and said it would shut more than 100 full-price retail stores in the next two years as the upmarket fashion retailer struggles to turn around its brand.

Business • 31 May 17

Mulberry said its new, expanded cheaper ranges had helped total retail sales rise 17% for the 10 weeks to June

Mulberry strategy u-turn helps sales

Mulberry said its switch to more affordable prices had sent sales up strongly at the start of its new fiscal year after its ill-fated move upmarket resulted in a 74% collapse in full-year profit.

Business • 11 Jun 15

Mulberry posts a loss of £1.1m for the six months to the end of September

Mulberry sees signs of improvement after H1 loss

Mulberry slumped to a first half loss as it counted the cost of an ill-fated push upmarket but said a return to its lower priced roots had seen sales rise more recently.

Business • 04 Dec 14

Mulberry said sales for the 17 weeks to January 25 were down 3% on a year ago

Mulberry warns on profit after discounts

Mulberry today warned its annual profit would be substantially below market forecasts after heavy Christmas discounting in Britain and weak demand in Korea hit sales.

Business • 29 Jan 14

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