UK luxury market

Mulberry blames high street crisis and House of Fraser woes for loss

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Sales fall 8% while debts from department store collapse and fewer tourists add to losses

Mulberry warns House of Fraser collapse will damage profits

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Luxury bag firm, which operates 21 concessions in chain’s stores, expects £3m hit

Mulberry’s sales of luxury goods fall sharply in UK

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British bag manufacturer says weak pound causing tourists to shop elsewhere in Europe

Record number of big-spending tourists expected in UK this summer

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Despite recent terror attacks, Britain can expect a huge influx of foreign visitors, especially from the US and China