Date: 4 months ago   Category: Finance

Bloomberg has included the founder of Red and White network in the list of dollar billionaires — Rambler News Service


The founder and the owner of network of the alcoholic beverages stores "Red and White" Sergey Studennikov was included in the list of dollar billionaires, has reported to Bloomberg with reference to given the rating of Bloomberg Billionaires Index. According to the edition, now the Red and White network is the most fast-growing in Russia. In the country there are 6700 offices in 57 of 85 subjects. Last year sales have grown by 50% up to 215 billion rubles ($3,3 billion), in the current year this indicator has increased by 40%. Thanks to this Studennikov it was succeeded to become the new Russian dollar billionaire. The edition doesn't give exact assessment of a condition of the owner of network. "Alcohol was the most profitable category for the largest retail retail chain stores, but Red and White undermines the market" — the CEO of InfoLine Ivan Fedyakov has said. According to him, Studennikov's network not only offers buyers wider range of alcoholic drinks at lower prices, but also competes with grocery networks, selling snack and many other things. The standard range in Red and White makes about 800 types of alcoholic beverages and 400 names of food, including coffee, sausage and milk. In material it is specified that now Red and White is in the seventh place in the rating of the largest retail retail chain stores of Russia, conceding to X5 Retail Group, "Magnet", "Tape", Auchan, Dixie and Metro Cash & Carry.

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