Maxim Ignatiev, who recently sold the distribution of Reebok for Russia and the CIS countries for Adidas, has a master license with Debenhams for the development of the British banner, in association with other investors. The first Debenhams department store in Russia will open in Moscow next month. While continuing the search for a new sporting goods brand to distribute in Russia, Ignatiev continues to develop his network of Gant stores in Russia and to expand his chain of fitness clubs. They are now seven, generating annual sales of $20 million with 16,500 members, and more are in the pipeline.
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