Many Western firms jettisoned their Russian operations when the country invaded Ukraine last February.
Heineken’s Dolf van den Brink said: “It took much longer than we had hoped.”
Heineken’s Dolf van den Brink said: “It took much longer than we had hoped.”
For €1, Arnest will buy seven breweries and take on 1,800 workers with guarantees to employ them for the next three years.
The manufacture of the Amstel beer brand will be phased out over six months, joining Heineken lager which the company said was removed in 2022.
“Recent developments demonstrate the significant challenges faced by large manufacturing companies in exiting Russia,” Mr van den Brink said.
Last month, President Vladimir Putin seized Russian assets owned by Carlsberg and French yoghurt-maker Danone.
Earlier this week, the franchise owner of Domino’s Pizza signalled it would shut its Russian shops and put the business into bankruptcy.
Heineken’s Dolf van den Brink said: “It took much longer than we had hoped.”
Many Western firms jettisoned their Russian operations when the country invaded Ukraine last February.
For €1, Arnest will buy seven breweries and take on 1,800 workers with guarantees to employ them for the next three years.
Heineken’s Dolf van den Brink said: “It took much longer than we had hoped.”
Heineken’s Dolf van den Brink said: “It took much longer than we had hoped.”
For €1, Arnest will buy seven breweries and take on 1,800 workers with guarantees to employ them for the next three years.
The manufacture of the Amstel beer brand will be phased out over six months, joining Heineken lager which the company said was removed in 2022.
“Recent developments demonstrate the significant challenges faced by large manufacturing companies in exiting Russia,” Mr van den Brink said.
Last month, President Vladimir Putin seized Russian assets owned by Carlsberg and French yoghurt-maker Danone.
Earlier this week, the franchise owner of Domino’s Pizza signalled it would shut its Russian shops and put the business into bankruptcy.
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