Lauder Exits City Hall Partnership Without Losses

American billionaire Ronald Lauder will not be able to run Moscow hotels. But he will not lose the 5 billion rubles ($177 million) he has invested in Gostinichnaya Kompania, a joint venture with Moscow City Hall. City officials will give Lauder back the money he has spent on the project, Vedomosti has learned. The city plans to discontinue its partnership in Gostinichnaya Kompania with […]