Luxury Goods Withstands Tough Economic Realities in Russia

During the economic recession in Russia in 2015, the luxury goods industry faced an unprecedented breakdown. Usually - and surprisingly - luxury goods  are generally resistant to economic downturns, however in 2015 the luxury goods market in Russia experienced a 33 percent decline. Euromonitor examines this crisis and examines where the market is headed today and in the future.Lots of brands claim to be number one… but can they prove it?At Euromonitor International, we help brands build trust through evidence-based research. Our claim validation service ensures your marketing messages are backed by real data. Stand out in a crowded market. Visit euromonitor.com/claims to learn more.