Mulberry to bring in cheaper handbags for price-conscious British customers
New boss Godfrey Davis said the company had got it wrong by following its luxury goods rivals in continually putting up prices
Luxury goods sector
More Ferraris sold in the UK than anywhere else in Europe
Record numbers of tailor-made cars, which cost at least £151,000, sold in Britain last year despite rising prices
Super rich shift their thrills from luxury goods to costly experiences
Gourmet dining, private flights, bespoke safaris, slimming clinics and art auctions emerging as top status symbols