Find in the news:
BY COUNTRY

Mulberry closes London flagship store after 27 years



The lack of tax-free shopping in the UK is particularly felt on Bond Street, which has always been an iconic tourist destination.
Mulberry

British brand Mulberry will close its flagship store in London after 27 years in business. The main reason for the closure is said to be the decline in tourist traffic, which provided high sales in the flagship.

Revenue Mulberry store on Bond Street, one of the most prestigious tourist locations, declined after the government canceled the duty-free shopping scheme. Previously, the store traditionally attracted overseas customers who could get a 20% VAT refund. After the program's cancellation, foreign shoppers have increasingly opted for duty-free shopping in Italy and France.

"The lack of tax-free shopping in the UK is particularly felt on Bond Street, which has always been an iconic tourist destination. Reduced visitor numbers have affected footfall and sales," Mulberry commented.

It is noted that the decision to close the store was made after the store was "commercially unviable" due to declining revenues and high rents.

In 2022 Mulberry was forced to close its flagship store on rue Saint Honoré in Paris. Then the main reason was the sharp decline in tourists due to the pandemic and restrictions. In London, the brand has stores in Battersea, Covent Garden, Spitalfields, Westfields and Guise Court, and corners in Peter Jones, John Lewis and Selfridges.

More about shopping malls in the United Kingdom



Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Dec 21, 2023, Mexico:
Luxury French fashion house Zadig & Voltaire has unveiled its boutique in Mexico City.
Friend
and Follow
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona
Westfield Santa Anita ADDRESS: 400 S. Baldwin Ave. Arcadia, CA 91007
USA . Arcadia
Westfield Santa Anita
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us