Roman Lunin - A Pocket Businessman
Net Worth: $93 million
Age: 44
Marital status: Married, two daughters and one son
Last year: $1.1 billion
Industry: Retail, property, food industry
In October 2008, the retail chain Velika Kishenya owed its suppliers Hr 440 million, according to the consulting company RetailStudio. It was the start of the crisis, so no loan was forthcoming. The supermarket did its best to survive. In this situation, there was nothing left for Roman Lunin to do but look for ways to cut costs. One way to optimize losses was building a logistics chain. The project was started in July last year and in May Velika Kishnya moved over to 50percent centralized deliveries, where possible not using distributors’ services. Now the businessman is in talks with the top domestic food producers – from sausages, cheese and processed meat to fruit and vegetable producers, in order to bring the centralization to 60 percent. A good and timely idea. But so far it has failed to save the former billionaire’s rapid transformation into an average millionaire.
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