German premium brand ESCADA inaugurated last week its mono-brand store in the Romanian ...
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Prada opened last week two stand alone stores, marking the official entry on the Moroccan ...
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French luxury group PPR, parent company of Gucci, Bottega Veneta, Boucheron has teamed up ...
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French luxury maison Chanel announced the opening of its 6th store in Australia, in the ...
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Italian luxury group TOD'S which includes the Tod's, Hogan, Fay and Roger Vivier brands, ...
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The biggest rally in three years for luxury-goods makers in Europe is fizzling on concern ...
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UKRAINE luxury market shows first signs of recovery, yet full recovery is expected end of 2011
News 27 March 2010
Ukraine, three years ago, the fifth most dynamic and fast growing luxury market worlwide after China, Brazil, Russia and Mexico, is showing first signs of recovery in more than 11 months when the sales dropped by 30 to 40% in retail, 30% hospitality and more than 50% in cars.
According to CPP Management Consultants Ltd, March 2010 sales are reported to have increased and stabilized, especially in retail on the leather goods category of products. Apparel, watches and jewellery sales are still suffering deep sales drops.
Luxury British diamond jeweller GRAFF is set to open a monobrand franchised store in Kiev later this Spring and follows the recent opening of the BVLGARI monobrand boutique. Other major luxury jewellery and watches monobrand stores in Kiev are CARTIER and HARRY WINSTON.