Novabev Group and Yerevan Ararat"Cognac, Wine and Vodka Factory, one of the leading producers of Armenian cognacs, signed an agreement to extend the partnership for five years. During this time Novabev Group will exclusively represent in Russia the range of Noi cognacs. Since the agreement was signed in 2020, the Armenian company's brand portfolio has been a...

Novabev's total shipments for 3 months of 2024 amounted to 3.4 million decaliters, down 3% year-on-year. Shipments of own products decreased by 3.8% to 2.57 million decaliters. Sales of partner imported brands decreased by 0.9% to 800 thousand decaliters. Number of VinLab stores increased by 56 stores during the quarter to over 1,713 outlets and sales volume...

NovaVev Group increased its stake in the management company Manor Golubitskoe from 24.82% to 75.18%. Winery Manor Golubitskoe joined Novaev in 2017. Amount of the transaction was not named, according to unofficial data, it amounted to $20 million. Enterprise produces still and sparkling wines in the medium-price and premium segment. Production volume is abou...

NovaBev's RAS net profit for 2023 amounted to ₽15.09 billion, up 3 times from ₽5.12 billion in the previous year. Revenue grew 2.2 times to ₽12.805 billion against ₽5.761 billion a year earlier.