Article: The new Russia: land of labels.(upscale retailers flock to Moscow and St. Petersburg to cash in on strong demand for designer goods)

Russia is in the throws of high-fashion boutique mania, with new upscale stores appearing almost weekly, and customers depleting stocks within days.

Gucci, CK Calvin Klein, Max Mara and Givenchy opened freestanding Moscow boutiques in the last few weeks. Versace, which already has a Moscow flagship, just opened its doors in Saint Petersburg. And Georges Rech is opening its Moscow flagship on Thursday.

To top off the spate of high-profile ready-to-wear debuts, Yves Saint Laurent Rive Gauche and Thierry Mugler are due to open stores here at the end of this month, along with a Versace jeans couture superstore on Tverskaya, Moscow's main street. Meanwhile, ...

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