The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Putin seizes control of AB InBev's Russian venture
Russian president Vladimir Putin has enacted a decree placing shares of AB InBev Russian joint venture under temporary management.
AB InBev and Anadolu Efes revise joint venture plans amid regulatory setbacks
AB InBev and Anadolu Efes are revising their joint venture strategy due to regulatory hurdles affecting their operations in Russia.
Unilever exits Russia with sale of subsidiary to Arnest Group
Unilever has announced the sale of its Russian subsidiary, Unilever Russia, to Arnest Group.
Russian authorities block AB InBev sale of JV stake
Russian authorities have blocked the deal in which Anadolu Efes had agreed to buy AB InBev’s stake in their Russian joint venture.
Carlsberg terminates license agreements in Russia
Carlsberg has informed Baltika Breweries that it has terminated the license agreements that enable Baltika to produce, market and sell Carlsberg products.
Heineken sells 100% shares in Russian business for €1
Heineken has today announced completion of the transaction to sell its Russian operations to Arnest Group, expecting a total cumulative loss of €300 million.
Pernod Ricard suspends Absolut exports to Russia
Drinks giant Pernod Ricard is suspending exports of its Absolut vodka to Russia, effective immediately, the company has confirmed.
Coca-Cola, PepsiCo and McDonald's join list of companies suspending operations in Russia
Coca-Cola, PepsiCo and McDonald's among food and beverage companies to have joined the exodus from Russia, amid the country's ongoing invasion of Ukraine.