PMR Insight: Russian market remains attractive for foreign luxury brands

Anna Sidorowicz-Pokrywka, Retail Analyst, PMR
The majority of new international retailers that decided to make their first steps in the Russian retail market in the first quarter of 2017 were premium and luxury brands. All opened their debut stores in Moscow, primarily in shopping centres. Among the luxury segment's representatives were mainly fashion retailers, including shoes brands Aquazzurra, Peter Kaiser and LK Bennett as well as bags and accessories brand Zanellato. Another luxury player that appeared in Russia for the first time was the luxury cosmetics and perfumes brand Giorgio Armani Beauty. The brand’s…

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