Russia: latest retail news, insights and analysis | ESM Magazine

Top Brands Pull Out Of Russia, But Their Goods Remain Easy to Find

Despite European, North American and Japanese companies exiting Russia over its actions in Ukraine, the impact on Russian consumers is minimal, although de...

Unilever Flags Risk It May Have To Halt Russia Operations

Unilever said 'there is a risk' that it may have to stop doing business in Russia, and that it might have to take a loss or write down its assets there.

BAT To Complete Sale Of Russian Business In 2023

British American Tobacco said that it expects to complete the sale of its Russian business to its local partner in 2023, as it exits Russia — where i...

McCormick & Company Posts 3% Sales Growth In FY 2022

Spice maker McCormick & Company has posted sales growth of 3% in constant currency in its financial year ended 30 November 2022.

Kellogg Divests Russian Operations To Local Snacks Maker Chernogolovka

Kellogg Co has decided to divest its operations in Russia to local snacks and drinks maker Chernogolovka, as the company joins a long list of Western brand...

Nestlé To Launch New Ukraine Facility In Rare War-Time Investment

Food giant Nestlé will invest CHF 40 million (€40.6 million) to launch a new production facility in western Ukraine, according to a press relea...

Russian Soft Drinks Maker To Cut Back Investments, Hiring Over New Sugar Tax

Russian soft drinks producer Chernogolovka said a proposed new sugary drinks tax had forced it to scale back investments next year and freeze hiring for 1,...

Danone To Shed Russian Dairy Business With €1bn Write-Off

French food company Danone will shed control of its dairy food business in Russia in a deal that could lead to a write-off of up to €1 billion ($978 m...