Russian luxury market bouncing back, but some brands are lagging behind
New York City – 15 December 2016
Despite a difficult trading year in 2015, luxury brands are staging a comeback in the Russian marketplace according to Luxury in Russia: the comeback a new report released by customer engagement specialists Contactlab and investment company Exane BNP Paribas. However, some brands appear to be better than others when it comes to adapting their offering to Russian consumers – for example only 4 brands are offering Russian language customer service.
The luxury market in Russia is now valued at €3.5 billion following a 5 percent growth in sales compared to … Read More