Roberto Cavalli

OpenCalais Metadata: Ticker

OpenCalais Metadata: LegalName

Roberto Cavalli S.p.A.

Tourism, luxury firms count cost of Russia's recession

Russia?s lurch into recession has hit many tourism and luxury goods companies hard, forcing them to cut prices and in turn costs in an attempt to limit the damage.

And there are few signs things will get better soon, with a fragile ceasefire in eastern Ukraine doing little to ease international tensions over Moscow?s support for pro-Russian separatists in the region.