mo' money mo' problems

Mulberry Told You So (About Its Shares Dropping 25 Percent)

Photo: Dave M. Benett/Getty Images

WWD writes that because of “a more challenging environment in Asia and the slimming down of its wholesale network,” Mulberry Group PLC expected to take a hit on the London stock exchange. But, said CEO Bruno Guillon, “the business continues to be strongly profitable and generate significant cash to fund our future expansion.” Del Rey bags for all! Kidding — you’ll have to pay for that.

Mulberry Said Its Shares Would Drop 25 Percent