Nestle suspends capital investment in Russia but food sales continue
Food giant Nestle has suspended capital investment in Russia following the invasion of Ukraine but will continue to sell “essential” food products.
Source: just-food.com
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Little Moons sells minority stake to US investor L Catterton
Little Moons, a London-based desserts business, has sold a “significant” minority interest to US private-equity firm L Catterton.
Source: just-food.com
We should nationalise exiting companies' factories, senior Russian politician says
Russia should take over the factories of overseas companies that have decided to leave the country in the wake of its invasion of Ukraine.
Source: just-food.com
Danone adopts fix or sell approach as tenth of portfolio up for "rotation"
Danone’s recently installed CEO Antoine de Saint-Affrique has adopted a fix it or flog it approach to breathe new life into parts of the portfolio.
Source: just-food.com
Danone CEO emphasises "responsibility" of operating in Russia
Danone CEO Antoine de Saint-Affrique has stood by the dairy and baby-food manufacturer’s decision to continue doing business in Russia.
Source: just-food.com