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

Carlsberg Expects €1.3bn Writedown On Russia Divestment

Carlsberg expects a writedown of about DKK 9.5 billion (€1.28 billion) related to its decision to divest its business in Russia, the Danish brewer sai...

Russian Brewers Ask For Help Replacing Imported Hops: Report

Russian brewers have asked the agriculture ministry to help them find ways to replace imported hops in the next few years as they fear shortages, the Komme...

Carlsberg Joins Heineken In Quitting Russia, Faces Big Hit

Carlsberg will exit the Russian market and take a 'substantial' non-cash impairment charge, the Danish brewer said.

Heineken Sees €400 Million In Charges On Exit From Russian Operations

Dutch brewing giant Heineken has decided to exit its business in Russia, after previously saying it would halt new investments and exports there, anticipat...

AB InBev Suspends Bud Sales In Russia, Forfeits Brewing Income

Anheuser-Busch InBev said it was suspending sales of Bud in Russia and forfeiting all financial benefit from a joint venture that operates in the country,...

Brewer Carlsberg Suspends Guidance, Cites Uncertainty In Russia

Danish brewer Carlsberg has suspended guidance due to uncertainty about the large Russian market and said it had begun a strategic review of its...

Russian Vodka Brands Face Pressure Due To Ukraine Conflict, Says GlobalData

A number of vodka brands will likely be watching the escalating Ukraine conflict closely, as calls to boycott Russian-made products gain momentum, GlobalDa...

Some U.S. Governors Order State-Run Liquor Stores To Stop Selling Russian Vodka

The governors of a handful of U.S. states have ordered government-run liquor stores to stop selling Russian-made vodka and distilled spirits in solidarity...