They’re the luxury brands Russia’s middle class shoppers love – normally that is. With Russia’s economy struggling due to sanctions over Ukraine and weaker oil prices even this fairly recession proof section of society is feeling the pinch. Europe’s luxury retail sector is certainly noticing. A new report by tax experts Global Blue shows that the Russian tourist spend plunged 51 percent in January. Darren Sinden is from Admiral Markets. …read more
Source: The Boston Globe
