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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Stalin Shutdown Survivor’s Owner Brings Luxury to Masses

Bosco di Ciliegi store in GUM Mall, Moscow | Source: Ariff Shah via Flickr

MOSCOW, Russia — On rainy days, the GUM mall on Moscow’s Red Square swarms with tourists. Unfortunately for GUM, the hordes seeking shelter tend to do more looking than buying, in large part because the big-brand fashions there cost about 50 percent more than they do in Paris or London.

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Vuitton Tones Down for Russian Tastes Aside From Prices

Louis Vuitton Autumn/Winter 2013 | Source: Associated Press

Mira Duma, the daughter of former Russian lawmaker Vasily Duma, is emblematic of a new generation of Russians for whom the meaning of high fashion has shifted from flashy and expensive to understated and even more expensive.

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Argentinian exodus, Creative start-ups, Russian modesty, Bosideng hits London, A new it girl

Galeria Pacifico Argentina | Source: Bugbog

Argentina: luxury goods companies head for the exit (FT) “Joining a growing list of luxury brands fleeing Argentina, Ralph Lauren has announced that it is closing its stores in the country, at least for now… Luxury brands face multiple problems in Argentina, none of them easy.” Creative and commercial (FT) “Then last spring, Ms Hosten discovered the School for Creative Start-Ups, a social enterprise started

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Lunch with Stella, China’s stylish side, Russian renaissance, Bargain hunters, Kuethe for Kate Spade

Chinese magazines by Sim Chi Yin | Source: NY Times

Lunch with Stella McCartney (FT) “Even for someone as competitively normal as Stella McCartney, who somehow manages to take the position that – despite her status as a 40-year-old international fashion brand/Olympic outfitter/daughter of a Beatle/friend of Madonna, Gwyneth, Cameron et al/mother of four – she is Just Like Everyone Else, this seems to be going to extremes.” The Stylish Side of China (NY Times) “Ms.

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Bonobos raises $16m, Gilt Groupe gabs, PPR downgrade, Fashion Television folds, Moscow men

Andy Dunn | Source: NY Times

Stores Go Online to Find a Perfect Fit (NY Times) “When Andy Dunn helped start Bonobos five years ago, he wanted to shake up the retail industry with a men’s wear brand exclusively sold online. Now Mr. Dunn, 33, is embracing the brick-and-mortar model, striking a partnership with Nordstrom. It is a symbiotic deal. Bonobos will get $16.4 million in cash and more than 100 stores to sell its clothes, while Nordstrom will get

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Decarnin exits Balmain, Reviving Russia, Boom time in Australia, Twitter’s brand pages, Ruth Hogben live

Christophe Decarnin | Source: Homme a la Mode

Balmain Exit (Vogue UK) “Christophe Decarnin is leaving Balmain after spending five years as creative director. A successor has not yet been appointed…. Decarnin joined the French fashion house in 2005 as a designer before being made the creative director in November 2007. He is largely credited for introducing the rock and military-inspired look… that the label is currently known for.” Reviving the Russian

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