Coca-Cola HBC will no longer manufacture or sell Coca-Cola or any of its other brands in Russia.
The company and its customers now sell inventory. Once they are exhausted, Coca-Cola HBC will no longer manufacture or sell Coca-Cola or any other brand in Russia. This was reported by Reuters, citing the company’s statement.
Coca-Cola Company Corporation announced the suspension of work in Russia on the 13th day after the start of a full-scale war against Russia by Russia. At the time, the company said it would “continue to monitor the situation and review it as events unfold.”
In Russia, Coca-Cola HBC, in addition to Coca-Cola itself and its subspecies, produces Fanta, Sprite, Powerade, Schweppes, Burn, BonAqua water, Dobry juice, Pulpy, Rich, Moya Semya, Innocent and others other products. The company has 10 factories in Russia.
Recall that the famous furniture retailer IKEA is selling four of its factories in Russia and is reducing its staff. The company said it “does not see an opportunity to resume sales in the foreseeable future.” The company sent a corresponding statement to the Russian media.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.