FTSE CLOSE: Mulberry profits hit by House of Fraser; KPMG fined £3m


FTSE CLOSE: Mulberry blames House of Fraser for £3m profits hit; KPMG slapped with fine over Ted Baker audit

Upmarket handbag maker Mulberry has warned that profits could take a £3million hit as a result of flagging UK sales, particularly in House of Fraser, where it operates 21 concessions and which is being restructured by new owner Sports Direct. 

KPMG has been fined £3million by the accountancy watchdog for misconduct in relation to audits of fashion retailer Ted Baker.   

 

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