Mon 3 Dec 2007
Tom Ford, the designer who revived Gucci Group in the 1990s, said he plans to open two outlets of his year-old retail venture in Moscow next year. Ford and franchisee Mercury Group will offer $5,000 custom- made men’s suits in stores planned for September on Tretyakovsky Passage, a city-center lane of boutiques, and Barvikha Village on the capital’s fringe. The Moscow Tom Ford shops would carry exclusive items for the local market, including sable hats.
The designer opened his first store on New York’s Madison Avenue a year ago, aiming to capitalize on global demand for luxury goods that has swelled the industry’s annual revenue to about $250 billion, according to consulting firm Bain & Co. in Boston.
