Mulberry online

MULBERRY, the struggling luxury goods group, is planning to launch an e-commerce strategy in the new year, believing it offers a "very exciting sales opportunity".

Mulberry yesterday reported increased annual losses of pounds 1.8m, due to falling sales in the UK and Far East. The company said it had cut overheads and stocks. Roger Saul, chairman and chief executive, said he had no plans to split his two roles or to take the company private.