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Mulberry: House of Fraser’s collateral damage

Mulberry: House of Fraser’s collateral damage

It was perhaps inevitable that House of Fraser’s brief spell in administration, and subsequent takeover by Sports Direct (SPD), would have a knock-on effect for other retailers selling through the department store. But investors were seemingly taken aback by the repercussions for Mulberry (MUL), which operates 21 House of Fraser concessions. Indeed, shares in the luxury handbag group plummeted 30 per cent on the day of the news that it would report £3m in associated exceptional costs for the half-year to September.

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