(AGI) Moscow, Nov 28 - Italian fashion house SalvatoreFerragamo has relaunched two flagship stores in Moscow,announced CEO, Michele Norsa. This was at a time when people inRussia have started talking about an economic crisis, withrepercussions for the world of luxury goods and an investmentclimate hit by Western sanctions, he said at the opening of arenovated boutique on the pedestrianized luxury shopping streetStoleshnikov. The 350 square-metre store sells men's andwomen's collections. The Salvatore Ferragamo Jewels and vintageFerragamo's Creations lines are being offered in Russia for thefirst time. In addition, an innovative silk exhibition hasopened next to the store. "This is the most important time forus in Russia in the last five years," Mr Norsa told Italiannews agencies. "Our vision is not only positive for thedomestic market, because investment here also projects theimage of the brand abroad and the cross border purchases thatRussians also make." Ferragamo, like other big Italian luxurybrands, find that Russian customers are the highest averagespenders in the world, he said. The reopening of the store onStoleshnikov, will be followed in three weeks by the opening ofa boutique at the Gum department store on Red Square, whichwill be twice the size of the old one and in a strategiclocation, close to stores such as Louis Vuitton. . .