russia

Penatis.com, only the best in luxury.

Penatis.com, only the best in luxury.

Luxury is not a matter of money is a matter of attitude and aim to present the best of the best possible. And this is the mission of Penatis.com. It is an new online marketplace where manufacturers of luxury goods can present them to Russian-speaking population. It is the first area where the potential customer can choose from the best propositions, whether it is fabric for curtains, furniture, dishes or household equipment. In addition, Penatis.com covers news and events from around the world…

Russian luxury market, so what?

Russian luxury market, so what?

Since the ex-URSS disappeared, many brands, especially the luxury ones have been trying hard to make good money in Russia. Luxury shopping malls in Moscow were built and many companies installed subsidiaries there. But are they really making money? What is the luxury industry status today? Until the global financial crisis of 2009, the luxury market in Russia was at the level of 8 billion dollars. Since the crisis stroke hardly many of the industrial countries, this figure was basically…