PPR full year net profit increases 7 percent (AP)
"Retail-to-luxury group PPR SA reported a 7 percent increase in 2009 profits Thursday and said it is launching a sales offensive to boost revenues in fast-growing markets such as China."
Burberry Restructures In Spain (NY Times)
"Luxury goods group Burberry will restructure its loss-making operations in Spain, ceasing the production of exclusive collections and closing a facility that will likely mean 300 job losses."
Next in London: A New Crop (WSJ)
"Christopher Kane, Marios Schwab, Jonathan Saunders aren't famous fashion designers, at least not yet. They are three of the up-and-comers expected to receive close attention starting Friday when London Fashion Week begins."