At a time when American tourists are returning to continental Europe, the abolition of the V.A.T. refund (effective from 2021) is holding back sales for British retailers.
In less than a fortnight, two iconic brands – Burberry and Mulberry England – have warned of the toll of the end of tax-free shopping for international tourists, introduced in the U.K.
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Article authors
Sophie Baqué
Chief Editor of mind Retail