LONDON — The Ukrainian crisis will result in “only a short-term drop” in luxury spending in London and will have little impact on prime residential property, according to a note by Ledbury Research.
Ledbury, a London-based agency that analyzes the luxury market, said Crimea is likely to have a short-term impact on wealth and luxury, particularly in London, which has become a key destination for Russian wealth and spending.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)