The worldwide financial crisis has hit Moscow hard. Once known as a city of opulence where luxurious SUVs battled for space on designer-boutique lined avenues, Moscow’s prime real estate is increasingly feasible only for discount stores. Profits from luxury goods are expected to plummet by a third this year, and the Stella McCartney and Alexander McQueen storefronts in Moscow are now empty, after only 18 months in business. Still, the fashion show must go on.
Just when you thought the Fashion Week frenzy had finally calmed down, Moscow’s designers are ramping up for another week of shows. Russian Fashion Week (RFW) opens this Sunday with designs from one of eastern Europe’s most beloved designers: Slava Zeitsev.
The worldwide financial crisis has hit Moscow hard. Once known as a city of opulence where luxurious SUVs battled for space on designer-boutique lined avenues, Moscow’s prime real estate is increasingly feasible only for discount stores. Profits from luxury goods are expected to plummet by a third this year, and the Stella McCartney and Alexander McQueen storefronts in Moscow are now empty, after only 18 months in business. Still, the fashion show must go on.
