Tikves wins and brandies in Serbia thanks to Knjaz Milos - Agreement on cooperation signed

(after the agreement signing)

An agreement on exclusive distribution on the territory of the Republic of Serbia was signed on Friday (February 25, 2011) between companies Knjaz Milos and Vinarija Tikves (Tikves Wine Cellar).

In the year when it celebrates a big jubilee - the 200th birthday, Knjaz Milos, one of the biggest mineral water manufacturers in Europe, has six distribution centers in Serbia, an up-to-date fleet of vehicles and, primarily, a highly-qualified retail team.

- We are satisfied with the fact that we have crowned the weeks-long negotiations with an agreement that will benefit both sides. With a top-quality distribution, Tikves Wine Cellar will have an excellent platform for the ambitious plans they have for the market of Serbia. The cooperation with the company Tikves will also significantly benefit Knjaz Milos and its partners in the market. By increasing the distribution portfolio, that is, by distributing wine and brandies from the product portfolio of Tikves, Knjaz Milos will raise the level of services it provides to buyers and reduce the costs of operations through a more efficient use of distribution capacities - said Mihailo Jankovic, the Chairman of the Managing Board of Knjaz Milos.

Tikves Wine Cellar is today the biggest and the most modern wine cellar in the Republic of Macedonia and one of leaders in the region, with the annual production of about 20 million liters of wine. Since 2003, Tikves Wine Cellar is in the possession of M6, a successful Macedonian investment group, of which portfolio includes joint investments with international corporations such as Coca Cola, Heineken, McDonalds.

Aleksandar Kokir, the Director General of M6 Tikves, stated that the inclusion of the company's assortment in the distribution system of Knjaz Milos would lead to much better business results.