TokyoTokyo Mon - Fri 10:00-18:00 +81 (368) 662-975
info@mountequitygroup.com

Bottler Coca-Cola HBC mulls other options for Russian business

Mount Equity Group Tokyo Japan > News > Business > Bottler Coca-Cola HBC mulls other options for Russian business

A Coca-Cola logo is pictured during an event in Paris, France, March 21, 2019. REUTERS/Benoit Tessier

Register now for FREE unlimited access to Reuters.com

Register

May 12 (Reuters) – Soft drinks bottler Coca-Cola HBC AG (CCH.L) said on Thursday it will evaluate all options for its Russian operations and have a smaller presence in the country, focussing on local brands, after U.S. beverage giant Coca-Cola suspended operations there.

The bottler, which counted Russia as one of its biggest markets, said it was still in the process of implementing the decision by Coca-Cola (KO.N).

Hundreds of Western companies have either withdrawn or suspended operations in Russia since the country invaded Ukraine in February while Western governments have imposed sanctions.

Register now for FREE unlimited access to Reuters.com

Register

HBC is one of Coca-Cola’s many bottlers worldwide and holds local Coca-Cola franchises to bottle and sell drinks produced by…

Read more…