Tag: russia
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Russian babushkas break stereotypes with fashion shoots
In Russia, elderly women are usually expected to forget about fashion and watch their grandchildren. Not 71-year-old Olga Kondrasheva, who is fighting stereotypes by modelling for a glossy magazine. “I'm over 70 now but my life is just beginning and it's so interesting,” says Kondrasheva, slim and sporting wavy white hair, a few minutes before…
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Landing with a bump? Germany’s Rocket falls back to earth
By Emma Thomasson and Chijioke Ohuocha BERLIN/LAGOS (Reuters) – When German e-commerce investor Rocket Internet launched Jumia in 2012 as a would-be African Amazon, it was optimistic that a rapidly expanding middle class would quickly shift from street markets to shopping online. Four years on, falling sales for sites like Jumia and slower growth from…
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Bulgari aims to have up to six stores in Russia over 10 years
Bulgari, the flagship jewelry brand of luxury group LVMH , plans to open up to four more stores in Russia over the next ten years, betting on the long-term prospects of its luxury market. The company is the second luxury brand to signal its confidence in the Russian market after French luxury group Hermes tripled…
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Armani seeks to entice fashionistas in ‘key market’ Russia
Renowned Italian designer Giorgio Armani sought to entice Moscow fashionistas with his latest creations on a visit to Russia amid weaker demand globally for luxury goods. In his first visit to Moscow since 2009, the 81-year old fashion veteran presented and signed copies of his autobiography as well as hosted a catwalk show of his…
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Russia’s luxury flagship store turns to Chinese spenders
By Olga Sichkar and Jack Stubbs MOSCOW (Reuters) – Framed by Swarovski crystal figurines and crocodile skin-clad smart phones, sales promotions at Moscow's exclusive TsUM department store are being publicized in two languages: Russian, of course, and now Chinese. The bi-lingual signs, promising to match the prices of all luxury goods with those on sale…