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.

To celebrate the Russian retailer’s new experiential 2,500-square metre space, KM20 is partnering with 14 brands on exclusive capsule collections.

BoF identifies the multi-brand boutiques making waves in markets far beyond the world’s fashion capitals.

The best retailers curate and dramatise fashion collections to excite consumers to buy.