Mulberry profits-warning sends shares plunging

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Posted October 23, 2012 by Csaba Fikker in DailyNews
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Mulberry profits-warning sends shares plunging (via AFP)

British luxury handbag maker Mulberry on Tuesday warned that its annual profits would fall this year amid Asia’s economic slowdown, lower sales and higher costs, sending the sector’s shares tumbling. Mulberry’s update followed a similar shock profits-warning by British rival Burberry last month, which…



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About the Author

Csaba Fikker

Owner and Founder of The Los Angeles Fashion magazine. Csaba Fikker has created The Los Angeles Fashion magazine in hopes of bringing life to the local fashion scene in Los Angeles. He comes with a long history of success founding and co founding several online media companies. He also spent over a decade at various companies as a senior executive. He was one of the original co founders of ON24, once a world wide leader of online on-demand financial news. He served as a Senior VP of Production at NetMovies - a Napster sister company that later was bought by Blockbuster. Csaba Fikker's last corporate position was at KPMG Consulting where he was in charge of building the consulting firm's Streaming media practice. Since then he has left the corporate world in the pursuit of his dearest hobby Fashion Photography, where he spent close to a decade as a successful freelance visual artist. After contemplating on his idea of creating a fashion publication for over 5 years, in an already saturated market, the time and elements of creating a successful business model were just perfect again, thus the final result of this online publication that is set to go to print in late Spring 2012.

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