Tag Archive: Russian Standard
Tariko To Take Control Of CEDC, In Exchange For $65 Million In Funding
Roustam Tariko, who has been engaged in a war of words with Central European Distribution Corp.’s board of directors over the past few months, is assuming operational control of the company in exchange for up to $65 million in funding. Continue reading →
Posted in News on January 2, 2013Interview, Part 2: Russian Standard USA
In the second part of this SND interview with Russian Standard USA’s CEO Leonid Yangarber, the discussion turns to flavored vodkas, mainstream competitors, advertising, on- versus off-premise sales and regional strengths. Continue reading →
Posted in News on November 29, 2012Interview, Part 1: Russian Standard USA Remains Bullish On U.S. Market
After wholesaler realignments and price increases that resulted in flat 2011 performance for its brand portfolio, Russian Standard USA has returned to form this year. CEO Leonid Yangarber reports that his vodka brands are up over 20% this year, and he expects that trend to continue through the remainder of the year. Yangarber recently spoke with Shanken News Daily about Russian Standard USA’s performance. Continue reading →
Posted in News on November 28, 2012CEDC Sees Improvement, But Russian Standard Alliance On The Rocks
Central European Distribution Corp. (CEDC) saw net sales increase 1% organically to $191 million in the three months through September, and achieved net income of $35.8 million, reversing an $849 million loss from the same period last year. Continue reading →
Posted in News on November 19, 2012News Briefs for September 17, 2012
•Central European Distribution Corp. (CEDC) has agreed to appoint Russian Standard chairman Roustam Tariko as its interim president, replacing William Carey, who departed this summer. Continue reading →
Posted in News on September 17, 2012News Briefs for September 11, 2012
•Wines retailing below the $9 a bottle mark saw volume decline 0.4% to 118 million cases in Nielsen channels in the 52 weeks through August 18, but wines $9 and over continued to surge, rising 11.5% to 33.2 million cases. Continue reading →
Posted in News on September 11, 2012
