Coca-Cola is completely out of the Russian market
Coca-Cola HBC (Coca-Cola Hellenic), the distributor of Coca-Cola in Russia, announced that it has decided to cease the production and sale of branded beverages in Russia. Reported by “Kommersant”.
The company said in a statement that the distributor’s customers in Russia are currently “in the process of running out of stock.” Once stocks are depleted, the company will “no longer manufacture or sell Coca-Cola or other Coca-Cola Company brands in Russia.” Now ten factories of the company operate in Russia.
Coca-Cola produces HBC, Coca-Cola, Fanta, Sprite, Schweppes, Powerade, Burn, BonAqua beverages, as well as Dobry, Pulpy, Rich, My Family, Innocent and other juices.
In March, the company announced that it was suspending its operations in Russia during a Russian military special operation in Ukraine. Later, the CEO of The Coca-Cola Company, James Quincy, said that he did not exclude the company’s complete withdrawal from the Russian market in the future.
Source: Spletnik
I am Anne Johnson and I work as an author at the Fashion Vibes. My main area of expertise is beauty related news, but I also have experience in covering other types of stories like entertainment, lifestyle, and health topics. With my years of experience in writing for various publications, I have built strong relationships with many industry insiders. My passion for journalism has enabled me to stay on top of the latest trends and changes in the world of beauty.
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