Brian B. Bettencourt/Getty
UK luxury brand Mulberry said it plans to reduce its global workforce by 25% to narrow the consequential effects of the COVID-19 pandemic on its business.
Although the iconic handbag retailer continued to sell its products digitally during the pandemic, demand was severely impacted by its store closings across the world.
“The shutting of all our physical stores has had, and will continue to have, a marked effect on our business,” Mulberry’s CEO Thierry Andretta said in a statement.
Visit Business Insider’s homepage for more stories.
British fashion brand Mulberry is mulling plans to cut 25% of its global workforce owing to the uncertainty and impact of the COVID-19 pandemic.
On Monday, the retailer said it would be “launching a consultation process on proposals to reduce employee numbers by approximately 25% across the global business.”See the rest of the story at Business Insider
Gap is closing its trendy men’s athleticwear brand despite the continued boom in athleisure6 ways to protect yourself from the huge boom in online shopping scams, according to a cybersecurity expertVictoria’s Secret’s UK business falls into adminstration, putting 800 jobs at risk
Read more: feedproxy.google.com