London’s tourist tax: More is at play for struggling luxury brands LVMH, Mulberry and Burberry

Mulberry has fallen out of fashion with investors as shares slumped over four per cent this morning, with the luxury retailers expressing growing concerns about flattening sales and the tourist tax.  The British fashion house, best known for its leather handbags, has had around £3bn wiped off its market value in the last five months [...]