Financial Times FT.com

Russia’s middle class starts spending

By Neil Buckley

Published: October 30 2006 18:41 | Last updated: October 30 2006 18:41

Just off Revolution Avenue in the Russian city of Voronezh 15 years ago stood a state-owned pelmennaya, a grubby cafe where surly matrons slopped grey dumplings into chipped bowls. Today, it is a franchise of Mango, the Spanish fashion chain – all smoked mirrors, halogen spotlights and low-rise jeans.

“The prices are still quite high for us,” muses Vera Cherkasova, a lawyer with a property company, admiring a tailored woollen cardigan. “But Russian women are prepared to spend a bit on looking nice.”

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