April 2008 Another Failed Real Estate Deal in Russia

At the Real Estate Summit in Russia, Donald Trump Jr. announces the Trump Organization’s partnership with Pavel Fuks, head of the Mos City Group, to license his name to luxury high rises in Moscow, St. Petersburg, and Sochi, the site of the 2014 Winter Olympics.  Ultimately, the deal fell apart over the Trump Organization’s fee demands.  Real estate developers told Russian newspaper  Kommersant that the Trump name simply did not hold much cachet in Russia, “For Russian companies, the value of this name isn’t evident.”

By | 2017-06-24T19:46:56+00:00 May 4th, 2017|

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