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Wednesday, April 8th, 2009

Russian Fashion Week: It’s a Jungle Out There

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.

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Fashion Week
Designer Spotlight