Astrid Wendlandt
Retail
Russia’s Luxury Market on the Mend
The country’s luxury market has recovered after two difficult years, helped mainly by domestic demand and rising sales to tourists, which will get a boost from a ‘tax-free’ scheme scheduled to come into force around February next year.
News & Analysis
Kering Puma Deal Likely in 2018, Say Bankers
As part of a long-held pledge to become a pure luxury player, Kering is expected to pursue a dual track IPO-auction to spin off Puma next year, not before, according to investment bankers in Paris and London.
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