Goldman Bets On Russian Consumer With Fitness Deal - Presented by: The Aol. On Network

Investment bank Goldman Sachs Group is increasing its investment in an upscale chain of fitness clubs founded by a Russian former fencer, betting lifestyle spending will grow despite an economic slowdown and slide in the rouble currency. Goldman's Special Situations Group, or SSG, has been clinching bite-sized deals in Russia, backing entrepreneurs looking to capitalize on the country's rising middle class. SSG already owned 12.5 percent of the chain, called World Class.



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