Thursday, April 25, 2024

Nestle pulls KitKat out of Russia

Swiss food giant Nestle is pulling its popular brands, like KitKat and Nesquik, out of Russia.

The firm stopped investment in the country earlier this month and now it will only sell essential foods – infant food and medical and hospital nutrition.

It follows fierce criticism of the firm by Ukrainian politicians. On Saturday, President Zelenskiy criticised Nestle for still conducting business in Russia in a streamed speech to protesters.

A growing number of international brands, including McDonald’s, Coca-Cola and Starbucks have halted business in Russia, due to the invasion of Ukraine.

A minority of others continue to produce non-essential goods in the country, while companies such as M&S and Burger King say complex franchise agreements make it impossible to close their shops in Russia.

spot_img

Don't Miss

Related Articles