• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Republica Press

Your Business & Political News Source

REPUBLICA PRESS
Your Business & Political News Source

  • Home
  • BUSINESS
  • MONEY
  • POLITICS
  • REAL ESTATE
  • SCIENCE/TECH
  • US
  • WORLD

Coke bottler Coca-Cola HBC depleting stock in Russia

by

>>> Don’t Miss Today’s BEST Amazon Deals!<<<<

Coca-Cola bottles are seen on sale in central St. Petersburg, Russia, August 6, 2014. REUTERS/Alexander Demianchuk/File Photo

Register now for FREE unlimited access to Reuters.com

NEW YORK, June 16 (Reuters) – Bottler Coca-Cola HBC AG (CCH.L) and its existing customers in Russia are “in the process of depleting stock,” Coca-Cola Co (KO.N) said in a statement, after Reuters reported that Coke was for sale at a McDonald’s Corp (MCD.N)franchise in St. Petersburg. read more

Once the stock is depleted, Zug, Switzerland-based Coca-Cola HBC, an independent company, will “no longer produce or sell Coca-Cola or other brands of the Coca-Cola Company in Russia,” Atlanta-based Coca-Cola said.

Coca-Cola HBC in May said it was evaluating all options for the Russian market and said it stopped placing orders for concentrate on March 8. The company, which has 10 production sites in Russia, said it would focus on local brands. read more

Register now for FREE unlimited access to Reuters.com

Coca-Cola in March joined an exodus of U.S. companies leaving Russia after its invasion of neighboring Ukraine in February. Coca-Cola HBC at that time said it was working in close alignment with Coke on the implementation of its decision.

Coca-Cola holds a 23% stake in the bottler.

Coca-Cola HBC bottles and sells Coke beverages exclusively in its 29 markets, which includes Greece, Italy and countries in Eastern Europe, according to its website.

Register now for FREE unlimited access to Reuters.com

Reporting by Jessica DiNapoli in New York; Editing by Mark Porter

Our Standards: The Thomson Reuters Trust Principles.

View Source

>>> Don’t Miss Today’s BEST Amazon Deals! <<<<

Filed Under: BUSINESS Tagged With: Beverages, Coca-Cola, Coca-Cola Company, Eastern Europe, Europe, Focus, Greece, Italy, McDonald's, New York, Production, Reuters, Russia, Ukraine, York

Primary Sidebar

More to See

The Madison Club’s Latest $27M Mansion: Luxury in La Quinta, CA

The poshest place in California's Coachella Valley is The Madison Club. This exclusive gated community in La Quinta is where A-listers and tycoons … [Read More...] about The Madison Club’s Latest $27M Mansion: Luxury in La Quinta, CA

Quality Wines From The Romagna Region Of Italy

Piazza del Popolo in the evening, Ravenna, Emilia-Romagna, Italy getty Italy has 20 different geographical regions, and Emiglia-Romagna—in the … [Read More...] about Quality Wines From The Romagna Region Of Italy

Investigators of War Crimes in Ukraine Face Formidable Challenges

KOROPY, Ukraine — Four men tugged at long strips of fabric to lift a coffin out of the gaping hole in the backyard of a small house. They flung the … [Read More...] about Investigators of War Crimes in Ukraine Face Formidable Challenges

Copyright © 2022 · Republica Press · Log in · As an Amazon Associate we earn from qualifying purchases.

Terms and Conditions - Privacy Policy