Russia'S Weakness In The Luxury Market Due To Poor Economic Conditions

Internationally renowned brands Gucci (Gucci) and Burberry (Burberry) have cancelled their franchise in most of the shops in the Russian market this year, instead of going straight.

At the same time, the Russian rich are not confident in the economic situation, and they dare not play lightly, leading to the weakness of the luxury market.

It is the owner of GUM shoppingmall in Moscow.

He told reporters that he had recently taken part in a

The fashion party was held to celebrate the opening of two facade shops in Moscow.

At the party, Gucci executives from London and Milan said they were there.

The market has been a great success.

But Kusnirovich is cautious about this. He told reporters that people have no confidence in buying luxury goods.

As Russia's economic situation is unstable, on the edge of economic recession, coupled with the US sanctions against Russia, resulting in a significant depreciation of the rouble, and the complex Ukraine issue, this year people's worries about the luxury market began to intensify.

According to the report released by Bain & Co in October, the Russian luxury market will shrink by 18% this year and its market value will be 4 billion 600 million euros (about 5 billion 800 million US dollars). According to the report released by Bain & amp; Co.

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Tiruba, a small town in southern India, has developed into an important production base for cotton knitwear after decades of lags in development.

After a few years of western depression, cotton prices and exchange rates have been stable in recent years, and confidence in textile and clothing exports has been increasing.

The production base of the "ruuba" garment production center brings together a large number of workers in both the local and the outside areas. The wage level is very low, so the garments produced by them are very competitive in the international market. Many famous international companies such as Ralph Lauren, GAP, WAL-MART and so on have commissioned the factories to produce various kinds of clothing.

India media recently reported that in the early 1930s, after a series of strikes in the industrial base near errod and Kr, some entrepreneurs pferred the industry to the town of tyre.

After decades of development, it has gradually become a thriving textile manufacturing center, but the town is crowded with water shortages and simple infrastructure.

The economy here is controlled by entrepreneurs who have no university education or have only a little education.

Even in 1980s, bankers were very skeptical about lending to these textile companies.

But this phenomenon has finally been changed, and many entrepreneurs have started from scratch.

In the next 2006-2008 years, the financial crisis led many entrepreneurs to go bankrupt.

But there are more and more famous brands around the world, such as Ralph Lauren, GAP, Hanes and Hennes & Mauritz.

In addition, the textile companies in tyre haven't produced clothes and accessories in American supermarkets like WAL-MART.

The recovery of the western market provided a steady stream of orders, and last year's surplus cotton production settled the steady demand.

As a cluster of industries, textile companies in the first half of this year exported 100 billion 500 million rupees, which are expected to reach 210 billion rupees at the end of this fiscal year, while the export volume of 2013 fiscal year is 175 billion rupees.

The goal of the export organization is to double exports to 360 billion rupees between 2016 and 2017.

However, there are still some potential problems to be solved, such as labor, electricity and exchange rate fluctuations.

Nearly 400 thousand of workers are in the garment industry in tyre, 50 thousand of whom are migrant workers, mainly from Orissa, Bihar and Uttar Pradesh.

Most of them live in factories or densely populated areas, and are distinguished from other social groups.

"Even if wages are low, they are willing to work for this," said Stephen Ratnaraj, a machine operator in a large enterprise.

Because of low wages and 9000 rupees per month, labour relations are very tight.

Stephen Ratnaraj said, "workers from factories are demanding higher wages, but they are willing to pay even if their wages are low."

With the help of the state and the region, she has established a women hostel at a cost of 60 million rupees.

Its next growth expectation is in the production of man-made materials and textiles, and its target market is Europe and the United States.

It is very important.

Sakthivel said: "now the influence of artificial material clothing can be ignored, but in the future there is great potential for development, and the production of natural fibers such as cotton has reached a saturation point."