Luxury fashion revenue in Russia 2021-2023, by brand
All the listed major luxury fashion labels saw their sales in Russia decline in 2022, as some of them limited their operations in Russia due to the war in Ukraine. In 2023, Hugo Boss led the ranking with a revenue of around 6.7 billion Russian rubles, followed by Bogner. Chanel's revenue was measured at one billion Russian rubles, down 78 percent from the previous year.