Stoli Rumors Resurface

Reports surfaced yesterday that Frank Pesce International Group put a $1 billion bid on SPI Group’s Stoli vodka. Shareholder Andrey Skurikhin (who WSD interviewed in June) said the offer was too low and Stoli was “no longer on the market,” although he asked how much Frank Pesce would be willing to pay, reports the UK-based Daily Telegraph. Pesce said the opening bid was based only on US sales figures. The consortium also claims to have the funds in place to