Nestle pulls KitKat and

Nesquik out of Russia

Yeyoung Choi
The company has been gradually reducing its activity in Russia since the the start of the Ukraine war, but
has been under pressure to pull out altogether.
It scrapped advertising and capital investments and earlier this month stopped shipments of non-essential
products like Nespresso coffee capsules and San Pellegrino water.
The latest move will leave it selling just infant food and medical and hospital nutrition.
"While we do not expect to make a profit in the country or pay any related taxes for the foreseeable future
in Russia, any profit will be donated to humanitarian relief organisations," it said.
"We stand with the people of Ukraine and our 5,800 employees there."
So far international brands such as McDonald's, cosmetics firm L'Oreal, fashion retailer H&M and tech
giant Apple have suspended or limited their activities in Russia.
A minority of others continue to produce
non-essential goods in the country, while
companies such as M&S and Burger King say
complex franchise agreements make it impossible
to close their shops in Russia.

The owner of Burger King said the operator of

its 800 stores in Russia has "refused" to close
the sites despite demands to suspend trading.

Mr Kolobov told the BBC he does not have the

"authority or power" to stop Burger King
operations in Russia.

"The decision to terminate and suspend

operations of the franchisee which employs about
25,000 persons must be taken by all shareholders
considering impact it may have on the employees
and their families," he said.
https://www.bbc.com/news/business-60850209

https://www.bbc.com/news/business-60789772