French luxury firms PPR and LVMH reported strong first-half profit growth yesterday. LVMH, the world’s largest luxury company which holds brands like Louis Vuitton, saw a 20 per cent rise in its profit from recurring operations, which reached €2.66bn. PPR also saw its recurring operating income rise 20.4 per cent. Its luxury division profit growth was up 30 per cent for the half, with profits at Yves Saint Laurent rising more than three-fold. However, the performance of Puma hit earnings.