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- 21 Feb 2011
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Moscow: Where Wealth is Worn with Pride

The second in a series of short films investigating important luxury markets and interviewing local key players, we look at luxury in Moscow, as presented by The Luxury Channel.

It is no secret that Russia has a longstanding history with luxury, the climatically appropriate penchant for furs, the love of gold and diamonds, the booming caviar industry and some of the most opulent palaces in the world, Russia has long been a priority market for luxury brands. Moscow is an important location as ever, as home to one of the highest concentration of billionaires in the world, second only to New York (according to Forbes).

After the effects of the global financial crisis, Russia’s economy is showing strong signs of recovery, fuelled by rising commodity prices and consumer spending, growth will amount to at least 4 percent this year according to Prime Minister Vladimir Putin. After a nine-year ban courtesy of relentless over-fishing, Russia has begun exporting sturgeon caviar to the European Union once more. Late 2010 saw the opening of the six-star Lotte Hotel Moscow, with 304 luxury guest rooms and a French restaurant by 3-star Michelin Chef Pierre Gagnaire.

Moscow is home to two major players in the Russian luxury market: Mercury Distribution started as a single jewellery store and now generates more than 1 billion Euros in annual sales. With involvements in fashion, accessories, jewellery and luxury automobiles, Mercury are also responsible for six-story department store Tsum. Bosco di Ciliegi similarly retail and distribute an extensive array of luxury brands throughout Russia, as well as operating Bosco multibrand stores and historical department store GUM on Red Square in Moscow.

We also invite you to view our first feature in the series:
India: where Eastern tradition meets Western luxury.

In partnership with CNBC Europe The Luxury Channel are in a unique position to offer LS members preferential sponsorship opportunities through advertiser funded programming to enhance their brand on their weekly ‘Luxury Life’ series and on major international broadcasters BBC World News, CNBC, National Geographic, FOX Channels . Engaging an audience of 250 million high net viewers and syndicating through trusted 3rd party media partners, 40 million high net worth viewers through USA Hotel Networks and Forbes.

For further information on the The Luxury Channel platform please contact Eadaoin Kelly