Now You Might Actually Be Able to Afford a Mulberry Bag

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Photo: Samir Hussein/Getty Images

If you're salivating for one of those enormous Cara bags, maybe don't bite just yet. According Reuters, Mulberry raised its prices under its former CEO Bruno Guillon, in order to "win back customers who were upgrading to pricier brands." However, faced with competition from the makers of more affordable bags (think Michael Kors), the British heritage brand is now lowering its prices. The label is currently in a transitional period after Guillon's departure last month — not to mention cutting ties with Emma Hill, their creative director of six years, last fall. On the bright side, for us that means tax-refund-friendly bag splurges — best accessorized with owls, dogs, and cockatoos.