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Danone Receives Regulatory Approval To Write Down Russia Assets

French food group Danone has said that the regulatory approvals required for the disposal of its Essential Dairy and Plant-based business in Russia to Vami...

Danone Planning To Sell Russian Operations: Report

French dairy products group Danone is planning to sell its Russian business to a Chechnya-linked businessman, the Financial Times reported.

Mondelēz Revamps European Operations After Boycotts Over Russian Business, Internal Memos Show

Oreo cookie-maker Mondelēz put new management in place at its profitable Russian business, according to two internal company memos seen by Reuters that rev...

Unilever Launches €1.5bn Buyback As CEO Demands Improvements

Unilever met expectations for underlying quarterly sales growth after raising prices at a slower rate than in recent quarters, posting an increas...

BAT Agrees Deal To Sell Russian, Belarusian Businesses

British American Tobacco has announced it has formally entered into an agreement to sell its Russian and Belarusian businesses in compliance with local and...

JDE Peet's To Stop Selling Western Coffee, Tea Brands In Russia By Year-End

JDE Peet's will from the end of the year sell coffee and tea in Russia only under local brands, it said, as it lowered its annual earnings target, saying t...

JDE Peet's Lowers Earnings Target Due To Shift To Local Brands In Russia

JDE Peet's lowered its annual earnings target, saying the impact of a decision to stop selling its international brands in Russia was uncertain.

Danone Writes Down Russia Assets, Reports Better-Than-Expected Sales

France's Danone said that it is deconsolidating its Essential Dairy and Plant-based (EDP) business in Russia in July, triggering a roughly €200 millio...