Burberry targets India’s brand-aware middle class (Times)
"Burberry, the British luxury brand, is poised to enter a joint venture to expand its presence in India, a market in which the ultra-rich are thriving because of a soaring stock market."
Phillips-Van Heusen 3Q profit up, raises outlook (AP)
"Clothing maker Phillips-Van Heusen Corp. on Wednesday posted a jump in third-quarter earnings, boosted by a $30.4 million tax benefit, and raised its full-year 2009 profit outlook citing factors including higher expected royalties."
Burkle Acquires Large Stake in Barneys Debt (WSJ)
"Ronald Burkle has become a significant investor in Barneys New York in recent months, with his Yucaipa Cos. buying a chunk of the struggling luxury retailer's debt."
Gap profits rise 25 percent (Drapers)
"Profits at American casualwear giant Gap grew 25% over its third quarter boosted by improved sales at its value fashion chain Old Navy."
My Techno: A Designer Viewpoint (IHT)
"Some are cyberexperts and others are technophobes, but most designers today embrace a variety of technology applications... there are all sorts of ways that designers are using technological skills without necessarily navigating through cyberspace."