Billionaire Russian Vodka Maker Tariko May Expand His Distribution Unit

on 26/09/10 at 5:41 pm

Industry

Billionaire Roustam Tariko, the owner of Russian Standard vodka, said he may expand his liquor distribution business into neighboring countries.

“We may go to some other markets like Ukraine with our business model,” Tariko, 48, said in a Sept. 23 telephone interview from Sydney. “But it’s unlikely we will expand somewhere else.”

Tariko, ranked Russia’s 47th-richest man by Forbes magazine, said he will consider acquiring rival spirit makers to bolster growth. In June, Tariko announced plans to buy Nemiroff, a Ukrainian vodka maker, to add lower-priced brands to his Russian Standard portfolio.

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