PPR, Yoox eye sales boost with online venture

PARIS/MILAN (Reuters) – French luxury and retail group PPR and Italian online fashion retailer Yoox have created a joint venture to sell some of PPR’s leather bags to a growing online community as sales in crisis-hit southern Europe lose their sparkle. The venture, 51 percent owned by PPR and 49 percent by Yoox, will sell PPR’s Bottega Veneta, Yves Saint Laurent, Alexander McQueen, Balenciaga and Sergio Rossi brands through a global digital platform, the companies said in a statement on Friday. …