Russia news and archive

World Cup's expected influence on Russian retail and economy

Two weeks away, the FIFA World Cup, held in Russia, incurred a staggering 13.3 billion dollars of costs to prepare, making it the most expensive championship ever to be hosted by any nation. This follows the trend: each World Cup to take place has been more expensive than the previous one. For instance, the Republic of South Africa spent nearly...

Fashion Featured

Fashion in Russia: a Breath of Fresh Air from the East

After a decade of remarkable consumption and luxury retail sales, the Russian fashion market is clearly moving into a new direction. More mature and smarter, it’s becoming more predictable for a long-term strategy and thought-out planning, creating new potential for the domestic fashion industry. In 2017, the Russian fashion market grew by 5...

Management|INTERVIEW

LPP to open 50 new stores in Russia

Leading Polish retail group LPP is expanding its presence across Europe. Owner of contemporary fashion brands Reserved, which recently opened its first flagship store in London, Cropp, House, Mohito and Sinsay, the company has set its sights on actively developing in Russia in particular. LPP aims to open 50 new stores in Russia in 2018, as it...

Business

C&A pulls out of Russia

< Fashion retailer C&A is withdrawing from the Russian market and is said to have already ceased collaboration with its Russian partner, the Russian Trade Group (RTG). This was announced by Thorsten Rolfes, head of communication at C&A, according to RNS. The decision was already taken a few months ago, in February, when the franchise agreement...

Fashion |INTERVIEW Featured

Eleventy: ‘We are interested in the whole world’

Italian luxury fashion brand Eleventy is winning over the world markets. The company aims at dominating the industry in three major cities – Paris, London and Munich and also plans to launch its first monobrand boutique in Moscow. In an exclusive interview with FashionUnited, the designers and founders of the brand ,Marco Baldassari and Paolo...

Retail

Bulgari plans Russian expansion

A devaluation of the Russian rouble and governmental sanctions are not enough to keep luxury retailers out of the former Soviet Union. After Hermès tripped its retail floor space in Moscow, LVMH’s luxury jewellery brand Bulgari plans to open up to four more stores in Russia over the next 10 years, betting on the long-term prospects of its luxury...

Business

Russia's economic crisis hurting Italian fur industry

New York - Russia's economic woes are being felt by the fur industry in Italy. In 2015, sales of Italian fox furs and minks took a plunge. The unusually warm weather in the Northern parts of the United States this winter did very little for their profits as well. The Russian ruble's decline and rising oil prices certainly weren't help fur sales...

Fairs

Guest Nation Russia cancels visit to Pitti Uomo 87

Russia will not be participating in the upcoming edition of Pitti Uomo in Florence. The Russian Fashion Council has cancelled its appearance as the Guest Nation of the 87 edition of the Italian fashion trade fair, claiming that the ongoing economic situation and currency fluctuations have made it impossible to attend Pitti Uomo. Pitti Immagine...

Fashion

Chinese luxury shoppers relish fall of Russian ruble

The fall of the Russian ruble has prompted Chinese shoppers to take advantage of cheaper luxury goods. Chinese shopping agents who shop for Chinese customers abroad were quick to buy Russian products to avoid higher import taxes payable at the official retail channels in mainland China. When the Russian currency slid over the last week at one...

RetailFeatured

River Island to exit Russian market

After only 6 years in the Russian market River Island is to close its 10 store portfolio and cease operations. The UK high street giant stated it's Russian trading partner, Maratex, was due to exit the fashion sphere, leaving 50 percent of the company without an owner. In Russia it is nearly impossible to become the sole owner of a business if...

Trends

Today in Moscow...

The first Russian Eco Fashion Week is taking place in Moscow these days. Every day its participants demonstrate collections made of natural fabrics and recycled materials. Over 30 designers take part in the Week. The range of materials used varies from recycled viscosa and Pavlov Posad shawls (big shawls traditionally decorated with Russian...

Apparel

Moschino expands in Russia

Together with Russian partner Exclusive Ltd, Italian fashion house Moschino opened the doors of its new store in Rostov On Don, Russia. Moschino is part of Aeffe Group, and the store features a 160 square meter boutique at Astor Plaza Mall. The new boutique will carry Moschino, Moschino Cheap And Chic, Moschino Uomo Ready to Wear, accessories...