Who owns Kumova Rakija?
Kumova Rakija is owned by Tikveš (North Macedonia, MSE: TKVS).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Tikveš Winery — Tikveš Winery (corporate page), AD Vinarska Vizba Tikveš. Last checked .
Key facts
- Current owner
- AD Vinarska Vizba Tikveš reported
- Owner HQ
- 🇲🇰 North Macedonia, Kavadarci
- Origin
- 🇲🇰 North Macedonia
- Category
- Beverages › Spirits › Brandy & cognac
- Parent ticker
- MSE: TKVS
- Last verified
- · 1 sources
About Kumova Rakija
Kumova is Tikveš's grape-brandy (rakija) range, made in four styles — Bela, Žolta, Traditional and Reserve — plus two aged brandies, Lyxa VS and Lyxa VSOP. Kumova Bela is a light, floral grape brandy served chilled; Kumova Žolta is oak-aged to a pale amber colour with dried apricot, honeyed citrus, vanilla and toasted-spice notes; Kumova Traditional is made from Smederevka grapes into what the winery calls the purest expression of Macedonian rakija; and Kumova Reserve is the most refined of the range, with caramel, dried fruit and mild vanilla character. Tikveš, North Macedonia's oldest winery, has made rakija alongside wine since 1885.
Ownership timeline of Kumova Rakija
Where Kumova Rakija sits in Tikveš
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Tikveš ownership tree →
See the full Tikveš brand portfolio (5) →
Other brands owned by Tikveš
Tikveš controls 5 brands on Brandtree, 5 of them in beverages.
Also in beverages
- Alexandria (1979)
- Domaine Bela Voda
- Luda Mara
- T'ga za Jug (1973)
Other brands in brandy & cognac, and who owns them
The 30 brands in brandy & cognac on Brandtree belong to 19 owners. The largest is Emperador, with 4.
| Brand | Owner | Owner based in |
|---|---|---|
| Emperador Brandy | Emperador | 🇵🇭 Philippines |
| Divin Ambasador | Aroma | 🇲🇩 Moldova |
| Courrier Napoleon | Tilaknagar Industries | 🇮🇳 India |
| Alexandrion | Alexandrion Group | 🇷🇴 Romania |
| E&J Brandy | Gallo | 🇺🇸 United States |
| Five Kings | KEO | 🇨🇾 Cyprus |
| Morpheus | Radico Khaitan | 🇮🇳 India |
| Mistral | CCU | 🇨🇱 Chile |
About the owner: Tikveš
Tikveš is a publicly listed company headquartered in Kavadarci, North Macedonia, founded in 1885. Brandtree records 5 brands under its control, and it is listed as MSE: TKVS.
Tikveš was founded in 1885 in Kavadarci, in what it describes as the first Balkan winery to make wine from its own vineyards, was nationalised in 1947 under Yugoslavia and reprivatised in 2003 when it was bought by M6 Investments, controlled by Svetozar Janevski, who chairs the company's management board today. The European Bank for Reconstruction and Development held a minority stake from 2008 before selling it back to M6 some years later. The winery now processes around 55 million kilograms of grapes a year into roughly 35 million litres of wine across 24 wine types, sold in the Balkans, the European Union, Russia, Ukraine, North America and Australia, and trades on the Macedonian Stock Exchange as TKVS.
🇲🇰 Kumova Rakija and other Macedonian brands
Brandtree records a controlling owner for 25 brands that began in North Macedonia. All of them are controlled from North Macedonia.
- Cevitana — Vitaminka 🇲🇰
- Good Nature — Alkaloid 🇲🇰
- Becutan — Alkaloid 🇲🇰
- Becutan Kids Vits — Alkaloid 🇲🇰
- Bonitas — Vitaminka 🇲🇰
- Brilijant — Vitaminka 🇲🇰
Frequently asked questions
Who is the parent company of Kumova Rakija?
The parent company of Kumova Rakija is Tikveš, a publicly listed company headquartered in North Macedonia.
Is Kumova Rakija Macedonian?
Yes. Kumova Rakija originated in North Macedonia and its owner, Tikveš, is also headquartered in North Macedonia.
Is Kumova Rakija still owned by Tikveš?
Yes. As of 20 September 2026, Kumova Rakija is still owned by Tikveš. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Tikveš Winery — Tikveš Winery (corporate page) — AD Vinarska Vizba Tikveš, Official document; retrieved 20 September 2026.
Report a correction Opens a pre-filled GitHub issue. See our corrections policy.