Russian luxury set to soar

Published: 13-Jan-2014
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The Russian market for luxury cosmetics is steadily growing

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The Russian market for luxury cosmetics is steadily growing amid the ever increasing demand for it from local consumers. The trend has not gone unnoticed by local retailers, some of which have already started expansion into the new segment. For example, Rive Gauche, one of Russia’s leading retail chains, recently opened its new Rivoli Perfumery concept which specialises in the sale of luxury cosmetics.

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