Russell was born in 1950 in Chittagong, Bangladesh to Mokhlessur Rahman and Shamsun Nahar.[2] She grew up in Dhaka studying in Kamrunnessa Govt. Girls' High School and Later College of Home Economics, Azimpur, Dhaka.[3] She earned a graduate degree in fashion from London College of Fashion in 1975. In the next five years, she worked as a model for different magazines including Vogue, Cosmopolitan and Harper's Bazaar.[1] She also worked as a fashion model in fashion shows until 1994, working with Yves Saint Laurent, Kenzo, Karl Lagerfeld and Giorgio Armani.[1] Having returned to Bangladesh in 1994, Russell opened Bibi Productions, a fashion house, fusing indigenous Bengali cultural elements into her line. As of 2004, her company employed 35,000 weavers in rural Bangladesh.[1]

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