British luxury handbag maker Mulberry cut its profit forecast for the third time this year. Photograph: Gareth Cattermole/Getty Images

Even as a new report showed that global wealth had jumped to a record $263 trillion, shares in two of Britain’s biggest luxury goods groups were takin(...)

Burberry warned that conditions in some of its markets, including China, had worsened in its second quarter, overshadowing a 14 per cent increase in the group’s first-half sales.

Britain’s top equity index hovered near 15-month lows, as gloomy trading updates from luxury goods companies Burberry and Mulberry knocked back the ma(...)

Mulberry, like rivals Louis Vuitton and Gucci, is struggling to compete against more accessible, trendy fashion brands such as Michael Kors

British luxury handbag maker Mulberry said full-year pretax profit would be significantly below expectations after a slump in first-half trading added(...)

 A model with a  Mulberry handbag during London Fashion Week.  Photograph:  Gareth Cattermole/Getty Images

Mulberry has parted company with its chief executive less than two months after the maker of luxury leather handbags issued a profits warning. (...)

A sign hangs from the wall of a Mulberry Group Plc store in London. Photograph: Simon Dawson/Bloomberg

Bruno Guillon quit as chief executive of Mulberry today, less than two months after the British luxury fashion company issued a major profit wa(...)