Mulberry slips into red but sales grow

Fashion brand’s profits hit by increased investment and foreign exchange costsMulberry has fallen into the red after investing more in products, but sales rose strongly as the British handbag maker’s new collection helped it win back customers.The company announced it was setting up a new business in Asia, a key luxury market, as it reported a loss before tax of £500,000 for the six months to 30 September, compared with a profit of £100,000 a year earlier. The firm blamed