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Coca-Cola Co. bottler Coca-Cola HBC on Thursday detailed the costs of halting the production and sale of cola in Russia. This goal has taken us five months to reach as a company. According to Reuters, existing supplies have been exhausted.
The Atlanta-based Coca-Cola Company, which relied on Coca-Cola HBC to manufacture and sell sodas in Russia, announced in March that it would cease domestic production. . The Swiss-based bottler, in which Coca-Cola owns a 20% stake in him, has since used up its remaining stock. The last order of concentrate he placed in March.
Coca-Cola HBC said in a statement posted on its website last week that it has stopped manufacturing and selling Coca-Cola branded products in Russia and has no plans to reintroduce them. The bottler has instead renamed his Russian operations to his Multon Partners and is focusing on local brands such as Dobry, Rich and Moya Semya.
Some information in this report has been provided by Reuters..