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)

REUTERS SHOWCASE

Reforms Push

Reforms Push

Modi may order insurance, coal reforms if vote delayed - officials.  Full Article 

Economic Pulse

Economic Pulse

Crank up public spending to revive growth - chief economic adviser.  Full Article 

Sony Cyberattack

Sony Cyberattack

Obama vows U.S. response to North Korea over Sony cyberattack.  Full Article 

Cook Out

Cook Out

Cook out, Morgan in as England ODI captain - reports.  Full Article 

PM's Moves

PM's Moves

Modi moves in to speed up $300 billion stuck projects.  Full Article 

Obama's Message

Obama's Message

Obama's year-end message to Americans: I'm not a lame duck.  Full Article 

India This Week

India This Week

Some of our best photos from this week.   Pictures 

Reuters India Mobile

Reuters India Mobile

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