Amtel-Vredestein Buys Russian Retail Stores

(Akron/Tire Review) Amtel-Vredestein, the new company formed to manufacture and market Vredestein and Amtel tyres throughout Russia, has purchased 40 retail tyres stores in that country. In an interview with Tire Review in August, Alexi Gurin, CEO of Amtel-Vredestein, hinted that the company might pursue a retail strategy, saying it would make sense there. Amtel-Vredestein reportedly plans to own as many as 300 retail outlets. The recently purchased outlets come under a variety of banners. No new name has been decided by Amtel-Vredestein, but the company is looking to consolidate all of its stores under one market name.