BATTLE CREEK, MICH. — The Kellogg Co., which earlier this yr suspended all imports of its merchandise and suspended investment and support for its international brands, together with promoting and promotions in Russia, has divested its operations in Russia to an area Russian firm, Chernogolovka.
“We solely continued producing important staple meals regionally as we had been conscious of not rising the danger of meals shortages for the native inhabitants,” stated Kris Bahner, a spokesperson for Kellogg. “The Kellogg enterprise in Russia represents lower than 1% of web gross sales, nevertheless as a consequence of current occasions, sustaining our operations has grow to be untenable. Consequently, now we have made the choice to divest our operations in Russia to an area Russian firm, Chernogolovka.”
Ms. Bahner stated the corporate’s major aim because it exits the Russian market is “to make sure the protection and well-being of our staff.”
The sale is topic to a number of native authorities regulatory approvals, Ms. Bahner stated.