In the first step toward more affordable accessories, British fashion house, Mulberry has launched a lower priced handbag line inspired by equestrian saddlery.
The Tessie collection features a hobo, clutch, tote and satchel which feature soft leather detailing in either oxblood, poppy, oak or black with belt buckles and straps. Most importantly, the Tessie collection will range between $860 and $1,190, a marked difference from the brand’s typical pricing, which usually begins around $1,300 for the same size.
This new line comes after a rather difficult time for Mulberry, which issued two recent profit warnings and reported falling share prices, on top of its loss of its former CEO, Bruno Guillion. Not to mention, the brand’s notable no-show at February’s London Fashion Week after Emma Hill, the brand’s former creative director left the company.
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