Spain's got talent (Telegraph)
"Stuart Vevers and Lisa Montague, the British duo who set Mulberry on the road to global superstardom, have taken their recipe to Loewe, the luxury heritage brand based in Madrid. Will it taste as sweet?"

Burberry to invest in new, bigger stores (Reuters)
"British luxury brand Burberry posted a 26 percent jump in profit as expected and said it would invest up to 200 million pounds ($316 million) in new outlets and expanding existing stores in London, Chicago and Hong Kong."

Vuitton tops Hermes as world's most valuable luxury brand (Bloomberg)
"Louis Vuitton, the French maker of laminated canvas handbags, was named the world's most valuable luxury brand for a seventh consecutive year."

As U.S. retailers retreat, a Japanese chain sees an opening (NY Times)
"Uniqlo, the Japanese basics brand, is starting aggressive growth plans at shopping malls that are expected to include 20 to 30 new stores a year over the next eight years."

Prada reveal Roman Polanski film starring Helena Bonham Carter (Telegraph)
"After much teasing on the part of Prada HQ, the Italian label finally revealed a very special project at the Cannes Film Festival last night."