Agrokor Founder Todoric Stands by His Strategy After Downfall

Ivica Todoric, half a year after his sudden downfall from the helm of the biggest retailer in the Balkans, insists that his ambitious expansion of Agrokor made business sense and the government is now taking the company in the wrong direction.

Todoric, in the first interview since his ouster in April, didn’t acknowledge any strategic errors apart from insufficient communication. He said the plans -- including Agrokor’s biggest purchase, of the Slovenian retail chain Mercator -- would have come to fruition if he had been given enough time to implement them.