Mulberry - known for their luxury ready-to-wear and vast array of accessories - will be maintaining their prices despite a 12% decline in sales over the last quarter due to the financial crisis. Other luxury brands had justified discounts to stimulate a decline in sales as we had previously posted. Their stock value had dropped some 60% over 2008 the company hasn’t gone into debt and is expecting to close the year with profits.

The shop in the pic is the boutique on Saint Honoré in Paris. The bag is the large Shimmy. Price: 875 GBP.

pic and info: FT.com

Seems like the economy isn’t doing too well in Japan either. LV and CD hope the 7% price reduction will motivate luxury consumption and make up for the exchange rate volatility.  The price adjustment is valid on leather goods, accessories, ready-to-wear, shoes, watches and jewelry.

pic and info: Louis Vuitton, Dior via WWD