#Unilever has decided to ditch its russian arm in a deal understood to be worth £300m and £334m, 50% less than the division’s value.
The conglomerate, whose portfolio includes brands such as Ben & Jerry’s, Dove, Magnum and Wall’s, is to sell its russian assets to chemical company Arnest
https://www.grocerygazette.co.uk/2024/09/09/unilever-axes-russian-332m/
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@EugeneMcParland
I never understood why Ukraine saw it as better when western companies transferred wealth to Russia in the big lump sums provided by these very rebated sales, instead of following the previous strategy of trying to extract profits while minimising taxes paid.
