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May 23, 2022

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McDonald’s to exit Russia after more than 30 years

Reuters
A logo of the McDonald’s restaurant is seen in the window with a reflection of Kremlin’s tower in central Moscow, Russia March 9, 2022. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register May 16 (Reuters) – McDonald’s Corp (MCD.N) said on Monday it has started a process......

Coca-Cola results exceed expectations on higher prices, stable demand

Reuters
A man walks past shelves of Coca-Cola bottles and cans at a Shoprite store inside Palms shopping mall in Lagos, Nigeria November 5, 2019. REUTERS/Temilade Adelaja/File Photo Register now for FREE unlimited access to Reuters.com Register April 25 (Reuters) – Coca-Cola Co (KO.N) beat quarterly revenue and profit expectations on......

Oreo-maker, Nestle, Pepsi face pressure from European employees over Russia

Reuters
NEW YORK/LONDON, April 14 (Reuters) – Oreo-maker Mondelez (MDLZ.O), Nestle (NESN.S) and PepsiCo (PEP.O) face pushback from workers in Ukraine and eastern Europe angered by the companies’ decisions to maintain some business in Russia, according to internal corporate communications reviewed by Reuters and interviews with six workers. The emerging employee......

Analysis: Western companies wrestle with Russia ‘half-exits’

Reuters
March 18 (Reuters) – Western companies that maintain a presence in Russia to provide essential goods such as food and medicines are trying to strike a balance between President Vladimir Putin’s government and advocates of Ukraine pulling them in opposite directions. More than 400 companies have withdrawn from Russia since......

Rio Tinto slashes ties with Russian businesses over Ukraine war

Reuters
The Rio Tinto logo is displayed on a visitor’s helmet at a borates mine in Boron, California, U.S., November 15, 2019. REUTERS/Patrick T. Fallon Register now for FREE unlimited access to Reuters.com Register March 10 (Reuters) – Rio Tinto (RIO.L), (RIO.AX) on Thursday became the first major mining company to......

Nestle, tobacco groups latest companies to pull back from Russia

Reuters
March 9 (Reuters) – Nestle(NESN.S), Philip Morris (PM.N)and Imperial Brands (IMB.L)joined the list of multinationals stepping back from Russia on Wednesday as pressure mounts from consumers in the West to take a stand against the invasion of Ukraine. The world’s biggest packaged food group fell into line with rivals Procter......

McDonald’s, icon of post-Soviet era, to close all restaurants in Russia

Reuters
NEW YORK, March 8 (Reuters) – McDonald’s Corp (MCD.N) said on Tuesday it would temporarily close all 847 of its restaurants in Russia including its iconic Pushkin Square location, increasing pressure on other global brands to pause operations in the country following Moscow’s invasion of Ukraine. The closure of the......

Starbucks faces backlash in China over police incident at store

Reuters
A Starbucks logo is pictured on the door of the Green Apron Delivery Service at the Empire State Building in the Manhattan borough of New York, U.S. June 1, 2016. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register BEIJING, Feb 15 (Reuters) – Starbucks (SBUX.O) is battling......

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