LONDON (ShareCast) - Shares of luxury fashion group Mulberry remained under pressure on Tuesday, after the previous session's eight per cent plunge, following news of the shock departure of its Creative Director Emma Hill.

Hill, who has been widely credited for transforming the Somerset-based company from a modest briefcase and wallet maker into a trendy, global powerhouse, is believed to have quit because of disagreements over creative and operational strategy.

In Monday's statement the group announced: "Mulberry confirms that Emma has informed the company that she wishes to leave after a very successful period at Mulberry during which she has built a strong and talented creative team working for her."

"The timing of her departure is currently under discussion and has yet to be finalised."

Mulberry has suffered plunging profits in the last year and issued a string of profit warnings as demand for its luxury products deteriorates.

Shares of Mulberry fell 2.55% to 955.00p at 12:30 in London.



CJ

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