Bulgari, the flagship jewelry brand of luxury group LVMH , plans to open up to four more stores in Russia over the next ten years, betting on the long-term prospects of its luxury market. The company is the second luxury brand to signal its confidence in the Russian market after French luxury group Hermes tripled the selling space of one of its two Moscow shops in December. Bulgari Chief Executive Jean-Christophe Babin told Reuters in an interview the company's two Moscow outlets opened so far were “a minimum” even though some customers had become more cautious because of the weaker rouble.
More:
Bulgari aims to have up to six stores in Russia over 10 years
