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Russia's Mercury Group Sees Slowing Sales

Could the Russian luxury market actually be slowing down? The managing director of Mercury, the country's biggest luxury goods group has said that sales have fallen at the popular TsUM shopping center. While most wealthy people are continuing to buy, ...

Russia Unveils A Plan for Luxury Gas Stations

In the United States, we're battling huge gas price increases, meanwhile in St. Petersburg, Russia they are looking for ways to keep customers at the pump. Phaeton holding announced that it will develop 15 "luxury" gas stations to capture the ...

Lamborghinis Come To Russia, Or Not

We first mentioned nearly a year ago that Lamborghini was ready to open a dealership in Russia. It has finally happened, they have opened their  first Russian dealership in the Barvikha Luxury Village, southwest of Moscow and plan to open a ...

Russia's First Maybach Theft

It's not always easy to be a high-spending Russian businessman. Vikotor Markov has the dubious distinction of being Russia's first Maybach 57 owner to have his car stolen. Markov, who bought the car for €530,000 but insured only for ...

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