Tom Ford opens women's store in luxury-loving Russia

MOSCOW Sat Sep 24, 2011 7:20am IST

U.S. designer Tom Ford presents his new fragrance ''Violet Blonde'' at the TSUM department store in Moscow September 22, 2011.  REUTERS/Denis Sinyakov

U.S. designer Tom Ford presents his new fragrance ''Violet Blonde'' at the TSUM department store in Moscow September 22, 2011.

Credit: Reuters/Denis Sinyakov

MOSCOW (Reuters) - Fashion designer Tom Ford has opened his first women's clothes store in Moscow, giving a confidence boost to Russia's reviving luxury goods market.

With his black hair slicked back, the 50-year-old Texan said on Thursday night he was not phased by the prospects of another economic recession in Russia, which previously ranked as the fourth-largest buyer of luxury goods.

The designer opened his first Moscow menswear store in 2009 and his new shop is located in an opulent central Moscow gallery, home to Prada and Tiffany boutiques and a Bentley car dealership.

"I launched my business just at a time when it was a downturn, but that has not affected us, because as brand awareness has grown our figures have actually gone up," said Ford, the former creative head of Gucci.

"Customers who are consuming our product may not be buying a new house or a new car, but they are still buying a new shirt, they are still buying a new pair of shoes," he told Reuters, wearing a sleek suit from the eponymous brand he launched in 2005.

Top designers are steadily trickling back into Russia after the 2009 economic crisis devastaed the luxury goods market and forced stores such as Alexander McQueen to board up their windows for good.

"I didn't come back to start a new business to think of it as being a small thing," said Ford.

(Writing By Amie Ferris-Rotman; Editing by Sophie Hares)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Box Office

ENTERTAINMENT SHOWCASE

What's in a Name

What's in a Name

Storied New York City deli Katz's wins name battle with Florida cafe.  Full Article 

Comic-Con

Comic-Con

From virtual reality to stars, five highlights from Comic-Con.  Full Article 

"Crazy Stupid Love"

"Crazy Stupid Love"

Cheryl Cole seizes top spot in British singles chart.  Full Article 

Photo

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage