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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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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