Handbags and (luxury) gladrags booming at YSL

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The Independent Online

Yves Saint Laurent handbags and Brioni suits have helped French luxury group PPR post a strong start to 2012 reporting €3.3bn in turnover for the first quarter.

PPR, which bought Italian menswear brand Brioni in January and also owns British brands Alexander McQueen and Stella McCartney, was boosted by strong sales growth in China and Japan.

But PPR's sports division – predominantly the Puma brand – disappointed.

The luxury sector is showing no signs of weakening.

Separately yesterday Italian luxury goods group Ermenegildo Zegna reported a 90 per cent surge in profits for 2011.