The middle class has tightened its belt: why sales of luxury brands have fallen in Russia
The Russian luxury goods market caught up with the crisis: if in 2016 it grew faster than the world market, then in 2017 sales of almost all major brands fell : Chanel, Dior, Prada, Hugo Boss. Details According to RBC, at the end of 2017, a decrease in revenue was recorded among Russian subsidiaries of such luxury brands as Chanel - by 5.5%, Christian Dior - by 1.3%, Prada - by 1.6%, Bogner - by 1, 1%, Hugo Boss - by 3.5%.