British luxury handbag maker Mulberry on Monday announced the departure of its creative director Emma Hill, confirming media speculation.
"Mulberry confirms that Emma has informed the company that she wishes to leave after a very successful period at Mulberry during which she has built a strong and talented creative team working for her," the group said in a statement.
"The main SS14 (Spring/Summer 2014) collection has been completed and Emma continues to work in the business finalising the London Fashion Week collection which will be launched on 15 September 2013.
"The timing of her departure is currently under discussion and has yet to be finalised.
The announcement was badly received on the London stock market. Mulberry shares were down 6.80 percent at 994.4 pence in afternoon trading.