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buy prada bags expectations that consumer confidence is likely to fall and this year could be tough. Aeffe, the holding company which makes Moschino, Alberta Ferretti and others, said this week there had been "no negative signs" in the US, including the Christmas period and this month so far.Branson lobbies for domestic Indian airlineLunch with the FT: Viswanathan AnandArmani, which is private, said on Wednesday that 2007 had been another positive year and had continued the growth seen in 2006. A company official said it was too early to tell whether the stock market declines of recent days would have an effect.Two pillars of Italian luxury Prada and Salvatore Ferragamo are pressing ahead with plans to list on the Milan stock exchange although bankers pointed out that they would wait until nearer the time of the listing to change their minds if demand and valuation were lacking.Luxury goods brand Herm defies gloomCity analysts said that Herms, which is famous for its pricey handbags and ties, is also benefiting from its global presence, which shelters it from weaker retail markets, such as the US and Italy.The positive results mirror the stellar performance of other global luxury brands, such as PPR, Richemont, LVMH and Burberry, whose well heeled customers continue to splash the cash, despite the global credit crisis and soaring cost of living.For the three months to July, Herms grew sales to 398.1m 315.7m at constant exchange rates, which was slightly ahead of analyst forecasts, from 355m for the same period a year earlier. Herms saw sales of leather goods and saddlery jumped by 17.1 per cent to 170.8m, driven by strong sales of handbags, of which some cost at least 4,000.Sales of perfume, which include Bel Ami and the newly launched Kelly Caleche, soared 28.2 per cent to 32.3m, while silk and textiles sales rose 11.2 per cent to 41.3m.Herms, which has seven UK stores, racked up strong sales in Europe, the Americas and Asia, excluding Japan. But in Japan sales "were less buoyant" and dipped 2 per cent, said Herms.Bernstein analyst Luca Solca said: "Companies that have broader international exposure are doing better. Herms is continuing with their usual strategy of being relatively high on