A month after the bottler of Coca-Cola announced it had stopped all sales and production in the country, it has been reported that the beverage giant has stopped manufacturing some of its popular soda brands in Russia.
Business activities in Russia have been suspended by the leader of the market.
AllPepsi-Cola, Mountain Dew, Mirinda and 7Up soft drink brands have been stopped in Russia.
The company announced in March that it was suspending sales of its beverages in Russia.
The most recent bottles of the beverage were manufactured in August, according to the report.
It is not known how much inventory is left in retail stores.
Milk, baby formula, and baby food are still on sale in Russia, according to the company.
Coca-Cola Hellenic Bottling Company, the bottler of Coca-Cola in Russia, stopped production and sales last month. Multon Partners will only work with local brands in Russia, as the company scales down its business there. Coca-Cola is the largest shareholder in the company. Starbucks and McDonald's decided to leave Russia earlier this year.
Several major global food and beverage brands have scaled down or suspended their operations in Russia this year, includingPepsi. Western brands left Russia after it was hit by a string of economic sanctions. In March of this year, the Swiss food and beverage major announced plans to scale back operations in Russia, including the sale of popular brands. One of the longest-operating US businesses in Russia wasPepsi. In its March announcement, the company mentioned that it arrived at the height of the Cold War and helped create common ground between the US and the Soviet Union.
The production of 7UP in Russia was stopped by the end of the year.
All Rights Reserved © 2024
