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Global Luxury Market Reacts to Russian Invasion of Ukraine

Luxury and retail analysts say the growing crisis could cause a ripple effect that depresses consumer sentiment around the world.
A military truck in central Kyiv after Russia began a large-scale attack on the Ukraine.
A military truck in central Kyiv after Russia began a large-scale attack on the Ukraine. (Getty Images)

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European stocks and US equity futures fell Thursday morning as investors raced to transfer assets to lower-risk investments like government debt and gold following Russian military strikes across Ukraine.

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About the author
Robert Williams
Robert Williams

Robert Williams is Luxury Editor at The Business of Fashion. He is based in Paris and drives BoF’s coverage of the dynamic luxury fashion sector.

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