Chinese Shopping Agents Cash in on Russian Currency Slide

A Gucci wallet of unverified origin listed on Taobao | Source: Taobao

Chinese workers and overseas students in Russia have been snapping up goods at low prices caused by the steep fall in Russian rouble rates before brands can adjust them. These shopping agents, known as “daigou,” stockpile the products before selling them at a profit to buyers back home.

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East of Eden: How Russia’s Isolationism is Impacting Fashion, Part One — Media

Russian President Vladimir Putin speaks at a press conference | Source: Shutterstock

As Vladimir Putin’s policies push Russia further away from the global community, new laws limiting foreign ownership of Russian media will force publications in the country to restructure. Should the fashion press be worried? In the first of a two-part series, BoF examines the country’s changing fashion media landscape.

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Global Gatekeepers

Top L-R: Monica Mendes, Miroslava Duma, Omoyemi Akerele, Melvin Chua, Susan Sabet, Bandana Tewari | Illustrations by Clym Evernden

The gilded key to the world’s most dynamic emerging economies is a combination of on-the-ground intelligence and loyal contacts. Six in-demand emissaries in global fashion sat down with BoF to share a few home truths about the markets on their doorstep.

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Russia’s VTB Capital Closes in on Roberto Cavalli

Italian designers Roberto and Eva Cavalli | Source: Reuters

VTB Capital, the investment arm of sanctioned Russian lender VTB Bank, has made a cash payment to secure a deal to buy most of Italian fashion house Roberto Cavalli before the end of November, two sources familiar with the situation said.

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