‘Our luxury phones sales have dropped by 4% since the recession began,’ Evroset’s General Director Alexander Malis announced at a press conference in Yekaterinburg.

‘In fact, we had to close down our Evroset-Luxe store in Yekaterinburg because our landlord refused to reduce the rent. However, we’ll probably open another one in a different location,’ Malis added.

Incidentally, the company had announced earlier that their Evroset-Boutique would resume operating in May or June 2009.