Mulberry reports £11m losses despite efforts to win younger customers

UK sales fall after department store discounts, but brand says growth in Asia has accelerated

Losses at the luxury British brand Mulberry have increased by a third after widespread discounting hit sales in the UK.

The handbag maker said pretax losses widened to £11m in the six months to 28 September from £8.2m a year before. Sales in the UK, which account for 65% of the business, fell 4% amid challenging conditions and subdued demand from shoppers.

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