SPI has renewed its Greek distribution deal

SPI has renewed its Greek distribution deal

SPI Group has extended its distribution deal with W S Karoulias for the Stolichnaya portfolio in Greece.

Karoulias, SPI's partner in the Greek market for the past five years, will continue to handle Stolichnaya vodka, Elit by Stolichnaya and Stoli Red, Karoulias said yesterday (12 September). It is not immediately clear how long the new deal will last.

Karoulias said Stolichnaya is its flagship brand that "continues to perform well" in Greece, despite declines in the overall alcohol market.

London wine merchant Berry Bros & Rudd sold Karoulias to the distributor's managing director, Chris Argyrou, for an undisclosed fee in 2011.