Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Abrau Durso and X5 Retail Group will Create a Joint Venture
11.07.2019 16:35
Abrau Durso and  X5 Retail Group will Create a Joint Venture

The Abrau Durso winemaking company signed an agreement of intent with the retailer X5 Retail Group, which manages the networks of Karusel, Perekrestok and Pyaterochka. The companies will create a joint venture and develop the Russian Loza wine brand, which has been owned by Abrau Durso since 2016.

      Wines under this brand will be sold only in the X5 stores. Partners expect that the price for a bottle will not exceed 300 rubles. In the future, it is planned to expand the line, including selling more expensive wines.

Wine production "Russian Loza" is already operating in the Krasnodar region. Capacities allow producing up to 15 million bottles per year, but following the results of last year only 7 million were released. As the president of the Abrau-Durso group, Pavel Titov, notes, cooperation with the X5 will increase the production load, as the purchase of manufactured products will be guaranteed.

      Read More Articles about Russian Economy and Business


Author: Anna Dorozhkina

Tags: Russian business Russian companies Krasnodar Territory   

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Evgeni Plushenko  St. Petersburg  Flights to the Mars  Mercedes-Benz Fashion Week Russia  Safari Park  Russian science  Russian Metro  Natalya Vodyanova  Film Distribution  International Astronautical Federation  System of a Down  human rights  Stanislav Cherchesov  Russian futurists  Moscow  Russian scientists  Street Art Museum under Open Sky  Russian lottery  politics  car  Literature  Admirals  Moscow Metro  mammoth bones  Stay Home Online Events  Russian business  Russian Cinema  Yakutia  Russian theatres  Saint Petersburg animal shelters   Russian transport  Crimea  Novgorod Region  Russian tourism  Russian football  Old Churches  activity holidays  Yanukovich  Archaeology  Veliky Novgorod  Nature Reserves  Baskunchak Lake  FIFA world cup 2018 tickets  Pskov Region  Russian economy  Exhibitions in Moscow  Bikers  invest  Russia Travel Tips  Shchusev Architecture Museum  

Travel Blogs
Top Traveling Sites