Russian luxury retailer reports 25 percent increase in sales this Fall

Russian luxury retailer Bosco di Ciliegi, also owner of Moscow’s GUM department store, reports a 25% increase in sales for the ongoing Fall/Winter season and the company’s CEO, Mikhail Kusnirovich told WWD he remains optimistic about the following months. He singled out leatherwear and outerwear as the two most dynamic product lines.  

Bosco di Ciliegi is the franchisee for Russia of Etro, Kenzo, Corneliani, Paul Smith etc. Earlier this year, the company announced it would concentrate its investments on the expansion of its sports merchandising retail chain Bosco Sport, banking on the opportunity of the major upcoming sports events which will take place in Russia Sochi Winter Olympics, Universiade Games in Kazan and World Football Cup. Bosco is the general partner of the Russian Olympic Committee and the Official Outfitter of the Russian Olympic team.