Plus Licens is going from strength to strength in Russia, with the division reporting 148 per cent revenue growth for the fiscal year ending April 30th 2011.
The firm has recently expanded its staff head count, as well as moving to new offices in cental Moscow.
Vadim Kalinin will handle publishing, while also assisting MD Paul Tush on TV and DVD deals in the region. Kalinin joins Plus Licens from Mir Knigi, the largest mail order comany in Russia.
"Plus Licens has been active in the Russian market for nearly 20 years," said Peder Tamm, president of the group. "Our business model is still based on continuous investment in support staff, which means bigger sales and long-term licensing programmes. While licensing means speaking for others, the results of the professionalism and competence of Paul Tush and his experienced workforce speak for themselves."
Tush added: "These figures reflect our commitment to the characters and brands in our strong property portfolio from a large number of the world's most successful licensors."