News

CYPRUS: SPI investigates sale of Stolichnaya

Most popular

Is Conor McGregor a threat to Pernod? - Analysis

Pernod is buying Malfy for the flavour - comment

Big beer versus craft beer - Is the fight over?

Connecting with Generation Z - FUTURES

Is Carlsberg treating consumers like suckers

MORE

SPI is investigating the sale of its global vodka brand Stolichnaya, according to reports.

The Wall Street Journal said today that the Russian drinks group had approached Lehman Brothers to find a buyer for the vodka brand.

It is thought that Stolichnaya could fetch as much as US$3 billion in an auction.

Stolichnaya is currently distributed on the international markets by the French drinks group Pernod Ricard, but that deal is due to come to an end following Pernod's acquisition of the Swedish drinks company Vin & Sprit, which owns rival brand Absolut.

The report cited a banker familiar with the situation who named Fortune Brands, Barcadi and Italy's Gruppo Campari as potential suitors.

One stumbling block towards any successful sale is the ongoing dispute between SPI, which owns the rights to Stolichnaya on the international market and the Russian government which holds claim to the brand on the domestic Russian market.


Related Content

SPI Group promises appeal after Stolichnaya court setback

SPI Group promises appeal after Stolichnaya court setback...

SPI Group names Hugues Pietrini as new Stoli Group CEO

SPI Group names Hugues Pietrini as new Stoli Group CEO...

SPI Group's Tulchan Scottish Gin - Product Launch - just-drinks EXCLUSIVE

SPI Group's Tulchan Scottish Gin - Product Launch - just-drinks EXCLUSIVE...

SPI Group 'disappointed' over Stolichnaya ruling

SPI Group 'disappointed' over Stolichnaya ruling...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?