Vladimir Kostelman - Works for Food
Net Worth: $256 million
Age: 36
Marital status: Divorced, one daughter
Last year: $970 million
Industry: Commerce, food industry, restaurant business
The turnover of retail chain Fozzy Group (Silpo, Fora and Fozzy C&C), exceeded UAH10 billion in 2008. In the same year it managed to open 28 supermarkets and shops. But Vladimir Kostelman is not stopping at this financial record. For example, now the Dnipropetrovsk businessman is aiming to acquire the Arsen supermarket chain, which isn’t doing too well in the crisis. “Fozzy Group intends to continue the expansive development of its commercial direction: The group is looking to add other retail chains to its business portfolio,” the company’s Web site states. “Fozzy Group would be prepared to consider the possibility of taking part in the reorganization of the Arsen retail chain, if such a proposal arises.” Kostelman and his team are amassing their capital for such purchases. Silpo Retail, which is part of Fozzy Group, has already announced a bond issue of UAH350 million. The company’s web site also says, “In 2009, Fozzy Group plans to focus on the most effective use of new opportunities in the changing economic situation.”
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