Despite a barrage of Western sanctions and swathes of brands quitting Russia after the Kremlin launched its Ukraine offensive, Moscow's most well-off shoppers are still spoilt for choice when it comes to luxury Western goods. In the Russian capital's exclusive shopping quarters, department stores and high-end Russian outlets are doing a roaring...
23 Dec 2024
On the last day of London Fashion Week, the British Fashion Council hosted a special catwalk showcase with Ukrainian Fashion Week, giving designers Kseniaschnaider, Paskal, and Frolov the opportunity to showcase their autumn/winter 2023 collections. The three Ukrainian guest designers held a joint show in London, as what would have been the 50th...
22 Feb 2023
Spanish fashion retailer Inditex said Tuesday it would sell its business in Russia, seven months after the Zara-owner halted its operations in the country following the invasion of Ukraine. "Inditex has reached an initial agreement for the sale of its business in the Russian Federation to Daher group, which has prominent interests in the retail...
25 Oct 2022
Over 1,000 companies have voluntarily curtailed operations in Russia since the onset of the Ukraine invasion. Figures from the Yale Chief Executive Leadership Institute (CELI) published its latest list of businesses on 14 September after tracking over 1,200 companies. The list grades companies on a scale from A to F for the completeness of...
20 Sept 2022
The increasingly high costs of living are squeezing fashion and retail businesses, particularly with customers shopping for bargain prices and goods on sale. British jeweller Joules in a trading update this week said its gross margins remained under significant pressure with consumer appetite weighted towards mark downs amidst a heavily...
21 Jul 2022