Divesting at any loss - Russian assets.

[Alistair]

Starbucks, Coke, Pepsi and Burger King are out as well

 

[rareboy]

Updated List of businesses that have ceased doing business in Russia and those that continue.

Beauty Products and Clothing:

[STRIKE]Estee Lauder[/STRIKE]
CoverGirl
Rimmel
Max Factor
[STRIKE]ZARA[/STRIKE]
[STRIKE]H&M[/STRIKE]

Household Products:

Kleenex
Kotex
Cottonelle, Scott
Huggies

General Products:

[STRIKE]Coca-Cola[/STRIKE]
[STRIKE]Pepsi[/STRIKE]
Herbalife
Bunge Vegetable Oil
Marlboro Cigarettes
[STRIKE]Kraft-Heinz[/STRIKE]
Mars
Nestle

Fast Food:

[STRIKE]McDonald's[/STRIKE]
Papa John's
[STRIKE]KFC[/STRIKE]
[STRIKE]Pizza Hut[/STRIKE]
Burger King
[STRIKE]Starbucks
[/STRIKE]
Gasoline:

Chevron
[STRIKE]Exxon/Mobil[/STRIKE]

Hotels

Accor
Hilton
Marriott
Hyatt
Intercontinental

https://www.forbes.com/sites/lisaki...taining-businesses-in-russia/?sh=7da32a261f79

 

[rareboy]

So the estimate is that up to 70 billion may be lost by people holding garbage Russian investments.

https://www.axios.com/russia-investors-set-for-big-losses-a66915b7-8235-42c7-a52b-36f03e355939.html

 

[rareboy]

Some companies are 'stuck' remaining open in Russia because of franchising agreements.

Marks and Spencer, Burger King, and hotel groups Marriott and Accor are restricted by complex franchise deals preventing them from withdrawing.

The firms have outsourced the Russian businesses to third parties and do not own the operations bearing their name.

Together the firms have almost a thousand outlets still open in Russia.

I am only partly sympathetic. Knowing the fascist, mobster regime they effectively support, you would think that international brands would be more careful.

But they aren't. Apparently.

https://www.bbc.com/news/business-60733389

 

[rareboy]

So Nestle....after 4 weeks has finally indicated it will limit product lines and sales to essential foods only.

Although to be blunt. I doubt if Ukranian families are even able to get Nestle products as Russia continues to bomb the shit out of them so I really don't care if Russian families have to do without.

https://www.npr.org/2022/03/23/1088204941/nestle-kitkat-nesquik-russia