Bulgarian businessman Margarit Todorov has sold his 48% stake in wine maker Domaine Boyar to the company`s majority shareholder, Santa Ana Ventures, which is registered in the British Virgin Islands, the company said on Tuesday. Todorov has also pulled out from the company`s management, with board member Tsanko Stanchev also following suit.
Todorov is the founder of Domaine Boyar, a company engaged in construction and exploitation of wine cellars in Sliven
, sale and marketing of Bulgarian wines
and abroad (ranking among the country`s top wine exporters to the UK in terms of sales). Evgeni Harmanliyski, who managed the company together with Todorov, will continue to serve as executive director at the firm.
Vladislav Tanchev, who become part of Domaine Boyar`s team in 2007, will join the company`s board of directors and will be in charge of business development, new products, sales and marketing.