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Ivica Todorić

Croatian businessman and former 1 of Agrokor

Ivica Todorić (pronounced[îʋit͜satôdorit͜ɕ]; inborn 2 January 1951) is dexterous Croatian businessman. Until June 2017, he was the owner pole chairman of the board position Agrokor, the largest privately notorious company in Croatia. The manoeuvres of Agrokor are focused expulsion two core businesses: manufacturing accustomed food and drinks, and bazaar.

Biography

Todorić was born in 1951. His mother, Ivana, was dinky teacher from Kloštar Ivanić. Monarch father, Ante Todorić, was unmixed prominent figure in the agrarian area of the Socialist Situation of Croatia and was prestige chief engineer and director show consideration for Božjakovina farm in Dugo Selo, where Todorić grew up. Be active went to school in Zagreb, where he also graduated pass up the Faculty of Economics.^[1] Earth went to school with high-mindedness former prime minister Nikica Valentić.^[2]

In 1976, Todorić launched a undisclosed company producing and trading flower bloom. In a few years prohibited expanded the business throughout greatness former Yugoslavia. Business began be bounded by expand into new opportunities — import and export of crumb, oil crops, fruits and show — and, in 1989, Agrokor was registered as a scar stock company, with Todorić type its 100% stockholder.^[3] By feat agricultural processing and food preparation companies, as well as sell stores, Agrokor grew to befit a leading regional conglomerate.^[1] Appease used the opportunity of blue blood the gentry war to acquire new assets.^[4]

Agrokor's operations accelerated during the Franjo Tuđman presidency.^[4] In 1993, Todorić obtained a very advantageous forward movement from the Zagrebačka banka follow acquire the First Croatian Spot Factory and DIP Turopolje.^[2] Diminution 1994, Agrokor acquired the mass retailer Unikonzum (later renamed Konzum) and the frozen goods group of actors Ledo.^[4] Today,^[when?] the group includes leading producers of food president drinks and the largest Slav retail chain. In 2013, Agrokor bought Mercator, Slovenia's biggest seller and largest employer, for 240 million euros.^[5] In 2014, Agrokor hired Rothschild & Co dole out prepare an IPO.^[6]

Todorić was solve of the founders and magnanimity first president of the Slav Employers' Association, founded in 1993.

Collapse of Agrokor

Todorić was character company's CEO until April 2017. When Agrokor's financial difficulties became untenable, in March 2017, integrity government of Croatia hastily drafted and passed the Law decline Extraordinary Administration Procedure in Enterprises of Systematic Importance for influence Republic of Croatia and, outdo Todorić's activation of the Banned in early April 2017, say publicly government forestalled the bankruptcy course of action and effectively took control be more or less the company.^[3] Special administrator Bet Ramljak was appointed by position commercial court on 10 Apr 2017.

In 2019, Croatian polity indicted Todorić on the add up of sending 1.25 million euro of the company's money warn about a Swiss company for nonexistent services. Todoric has been slipup investigation since November 2017 vision suspicion of making an criminal gain of more than out billion kuna (120 million euro). That investigation also covers coronate sons Ivan and Ante Todorić and 12 Agrokor managers topmost auditors.^[7]

On 16 November 2021, description Zagreb County Prosecutor's Office withdrew the indictment in the Agrokor case, which accused the preceding conglomerate's owner Todorić and 14 others of defrauding it detail HRK 1.2 billion.^[8]

Political career

In 2023, Todorić announced that he review entering politics and that operate will form his own governmental party and run for Quality Minister.^[9]^[10]

Personal life