Approximately 474 workers could lose their jobs internationally.
LONDON — As British retailers plan to reopen their stores on June 15, the consequences of extended closures due to COVID-19 are being laid bare: On Monday, Mulberry put the wheels in motion to cut its staff numbers by 25 percent, with some 474 jobs at risk.
Thierry Andretta, Mulberry’s chief executive officer, said the brand had reacted swiftly to manage the impact of COVID-19 and continues to execute “a well-developed plan to manage capital, reduce costs and maintain a robust liquidity position.
It has continued to trade through its digital channels, which have operated in all markets without interruption. The digital sales performance has been good, Mulberry added, but cannot fully offset the decrease wrought by store closures. Wehrle added the key trend to be watched over the period of retail reopening in June, and over subsequent months, will
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