Heineken, Carlsberg join companies pulling out of Russia: ‘no longer sustainable’

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Beer giants Carlsberg and Heineken are joining the fray of companies that are pulling out of Russia over its invasion of Ukraine.

, the Netherlands brewery said its business in Russia "is no longer sustainable nor viable in the current environment." It said it is seeking an "orderly transfer of our business to a new owner in full compliance with international and local laws."

Heineken will continue to pay its 1,800 staff in Russia through the end of the year. The company says it will not profit from the sale of its Russian operations and expects to take a 400 million-euro charge as a result. A view of damaged regional police station building after a Russian missile attack in Kharkiv, Ukraine on March 2, 2022 .

 

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Carlsberg and Heineken both say they will exit the Russian marketCarlsberg, the number one beer maker in Russia as the owner of Baltika, joined other global brands to say it will exit the Russian market. Carlsberg earned 7% of its operating profit and 10% of its revenue from Russia in 2021.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

‘Whole world’ is freaked out during Russia-Ukraine crisis: Bunker company officialLawrence Jones tours a fallout bunker amid a boon in sales on ‘Cross Country.’ Yeah no we aren't that's what you'd like us to do tho.
مصدر: FoxNews - 🏆 9. / 87 اقرأ أكثر »