Unilever, global manufacturer of everyday goods, completely withdraws from Russia
The British company Unilever, which produces household chemicals and food products, has announced its withdrawal from the Russian market. Source: Unilever's CEO Hein Schumacher Details: "Unilever has today completed the sale of its Russian subsidiary to Arnest Group, a Russian manufacturer of perfume, cosmetics, and household products," Schumacher stated.
The British company Unilever, which produces household chemicals and food products, has announced its withdrawal from the Russian market.
Source: Unilever's CEO Hein Schumacher
Details: "Unilever has today completed the sale of its Russian subsidiary to Arnest Group, a Russian manufacturer of perfume, cosmetics, and household products," Schumacher stated.
The company's assets in Russia are represented by such renowned brands as Lipton, Knorr, Dove, Axe and Rexona.
The sale covers all of Unilever's Russian business and four factories, as well as its operations in Belarus.
"Over the past year, we have been carefully preparing the Unilever Russia business for a potential sale. This work has been very complex, and has involved separating IT platforms and supply chains, as well as migrating brands to Cyrillic. The completion of the sale ends Unilever Russia’s presence in the country," Schumacher noted.
Background: Unilever, the consumer and household goods holding company that entered Russia in 1991, waited for the Russian Federation's government commission to decide whether or not to withdraw from the market.
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