Andrey Korkunov Explained

Andrey Korkunov
Birth Date:1962 9, df=yes
Birth Place:Aleksin, Russian SFSR, Soviet Union
Nationality:Russian
Occupation:Entrepreneur, investor
Alma Mater:Moscow Power Engineering Institute

Andrey Korkunov or Andrei Nikolaevich Korkunov (born September 4, 1962) is a Russian entrepreneur. He was a rocket scientist but he was noted for founding the A. Korkunov Chocolate Manufacturing Company, one of the largest confectionery companies in Russia and considered the only producer of high-end chocolates in the country.[1] [2] Korkunov is also an investor.

Biography

Korkunov was born on September 4, 1962, to a family of engineers in Aleksin.[3] [4] He started doing odd jobs in his early years and supplemented them by selling illicit cigarettes and clothing he purchased from tourists. He obtained his undergraduate degree at the Moscow Power Engineering Institute. After graduation, he was employed by the Podolsk Electromechanical Plant, where he rose to become a foreman of an assembly unit. He then worked for a design bureau in Kolomna, Moscow, before retiring from the Russian industrial military complex due to the significant decline in demand for military hardware after the perestroika.

Korkunov started his chocolate company with his own money.[5] [6] The enterprise was established as Odintsovo Chocolate Factory and it introduced the now-famous brand "A. Korkunov".[7] Central to the founding of his company was David Munger, a Canadian-born business owner, who eventually became the manager of the chocolate business.[8] The pair worked to operate a profitable business by scouring Europe for cheaper suppliers.

Aside from his confectionery company, Korkunov is also an angel investor. He founded Ankor Bank and has invested in internet companies such as Apps4all, a platform that connects international technology companies with mobile application developers.[9] He also expanded his business by venturing into storage services through his company called Mobius.[10]

In 2004 Korkunov was awarded the Employer of the Year in Russia. By 2021, he was declared bankrupt following a court-ordered debt restructuring in response to a request by Angkor Bank.[11]

On March 11, 2021 the Arbitration Court of the city of Moscow declared Andrei Nikolaevich Korkunov bankrupt and launched the process of selling his property.[12] [13] [14]

Notes and References

  1. Book: United States Congress Senate Committee on Foreign Relations . U.S. Policy Towards Russia: Hearing Before the Committee on Foreign Relations, United States Senate, One Hundred Ninth Congress, First Session, June 21, 2005 . U.S. Government Printing Office . 2006 . 978-0-16-075664-1 . Washington, D.C. . 7 . en.
  2. Web site: Chocolate CEO - Russia's Only Gourmet Chocolate Producer Makes Forays into International Markets . 2022-09-28 . www.managementtoday.co.uk . en.
  3. Web site: Andrey Korkunov: Biography And Personal Life Biographies 2022 . 2022-09-20 . Culture oeuvre . en.
  4. Web site: September 8, 2021 . Korkunov who is the manufacturer. . 2022-09-20 . caffeilcarro.ru.
  5. Book: Relations, United States Congress Senate Committee on Foreign . U.S. Policy Towards Russia: Hearing Before the Committee on Foreign Relations, United States Senate, One Hundred Ninth Congress, First Session, June 21, 2005 . 2006 . U.S. Government Printing Office . 978-0-16-075664-1 . Washington, D.C. . 7 . en.
  6. Web site: - U.S. POLICY TOWARD RUSSIA . 2022-09-20 . www.govinfo.gov.
  7. Web site: Andrey Korkunov . 2022-09-20 . Roscongress Building Trust . en.
  8. Web site: Kerawala . Minaz . November 5, 2017 . How a Quebecer became the Kremlin's official chocolatier in Putin's Russia . September 21, 2022 . CBC.
  9. Web site: Vedomosti . Golitsyna . Anastasiya . 2013-07-18 . Founder of Ankor Bank invests $1 million in Apps4all . 2022-10-11 . Russia Beyond . en-US.
  10. Web site: Dranishnikova . Maria . 2010-12-05 . Korkunov Builds Up Warehouse Firm . 2022-10-12 . The Moscow Times . en.
  11. Web site: 2021-03-11 . “Chocolate King of Russia” declared bankrupt . 2022-10-12 . Silkway News.
  12. Web site: 2021 . Суд признал Коркунова банкротом . 2024-06-18 . РИА Новости . ru.
  13. Web site: 2021-03-11 . Суд признал банкротом основателя кондитерской фабрики «А. Коркунов» . 2024-06-18 . Коммерсантъ . ru.
  14. Web site: 2021-03-11 . Суд признал банкротом бывшего кондитера Коркунова . 2024-06-18 . РБК . ru.