Lars Olsson Smith (12 October 1836 – 9 December 1913), also L.O. Smith, was a Swedish spirits manufacturer and politician. He was called "The King of Spirits" (Brännvinskungen) because of his domination of spirits production in Stockholm during the end of the 19th century. He started the production of Absolut Rent Brännvin which was later renamed Absolut Vodka.
Read more about Lars Olsson Smith: Biography
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“To found a great empire for the sole purpose of raising up a people of customers, may at first sight appear a project fit only for a nation of shopkeepers. It is, however, a project altogether unfit for a nation of shopkeepers, but extremely fit for a nation that is governed by shopkeepers.”
—Adam Smith (1723–1790)