Thursday, May 19, 2022
Home Business Bottler Coca-Cola HBC mulls other options for Russian business By Reuters

Bottler Coca-Cola HBC mulls other options for Russian business By Reuters


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

(Reuters) – Soft drinks bottler Coca-Cola (NYSE:) HBC AG said on Thursday it will evaluate all options for its Russian operations and have a smaller presence in the country, focussing on local brands.

The bottler, which counts Russia as one of its biggest markets, is also working closely with Coca-Cola to implement the U.S. beverage company’s decision to suspend its business in the region and stop orders for concentrates.

HBC is one of Coca-Cola’s many bottlers worldwide and holds local Coca-Cola franchises to bottle and sell drinks produced by the beverage giant. Coca-Cola holds a roughly 21% stake in HBC.

The London-listed company said organic revenue in the first-quarter rose 25.9%, excluding Russia and Ukraine.



Source link

RELATED ARTICLES

Professional Mattress Cleaning Services On A Budget: Tips

A bed is one of the most essential investments you can make in your life. Not handiest is it a prime expense, it will...

The Importance Of Selecting An Expert Mattress Cleaner

Trusting a professional mattress cleaner. Your bed is important, I could endorse that alongside your favored couch, it might be the maximum vital furnishing...

5 Key Benefits of Tile and Grout Cleaning

 it comes to flooring or wall insurance in the kitchen or other high moisture areas of the house, ceramic tile and grout cleaning services...
- Advertisment -

Most Popular

Professional Mattress Cleaning Services On A Budget: Tips

A bed is one of the most essential investments you can make in your life. Not handiest is it a prime expense, it will...

The Importance Of Selecting An Expert Mattress Cleaner

Trusting a professional mattress cleaner. Your bed is important, I could endorse that alongside your favored couch, it might be the maximum vital furnishing...

5 Key Benefits of Tile and Grout Cleaning

 it comes to flooring or wall insurance in the kitchen or other high moisture areas of the house, ceramic tile and grout cleaning services...

S&P lowers India growth projection to 7.3% for FY23

With rising inflation and the longer-than-expected Russia-Ukraine conflict, S&P Global Ratings on Wednesday lowered India’s growth projection for the current fiscal year to...