In its preliminary results for the 52 weeks to March 28, 2020, Mulberry said adjusted losses before tax had steepened significantly. On an underlying basis, Mulberry reported a  £14.2m loss, largely as a result of the pandemic’s effects on future trading. 

Including £33.1m in adjusting items, the retailer reported loss before tax was £47.9m, compared with £5m in the corresponding year. 

Group revenue for the period was down 10% to £149.3m, while the retailer’s net cash for the period slipped to just £7.2m reflecting increased losses.