Internet auction site eBay intends to drive a wave of consolidation in Russia’s e-commerce market over the next couple of years, persuading smaller companies to get on board as the economy weakens.
MOSCOW, Russia — Workers in orange jackets and cranes were busy today dismantling a giant suitcase erected by LVMH Moet Hennessy Louis Vuitton SA in the middle of Moscow’s Red Square after it sparked protests.
MOSCOW, Russia — A lawmaker from President Vladimir Putin’s United Russia party is seeking to remove an LVMH Moet Hennessy Louis Vuitton SA exhibit in the middle of Red Square that’s bigger than Lenin’s tomb.
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.
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.
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
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.
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
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