No more Kitkats or Nesquik in Russia. Nestle is suspending its brands deemed non-essential in Russia.
Nestle will strip its Russian business to the bare essentials and suspend its KitKat and Nesquik brands in the country, the company
Wednesday morning, responding to significant international pressure on the Swiss multinational food giant to scale back its Russian operations.Key Facts Along with KitKat and Nesquik, Nestle is suspending other brands it deems non-essential in Russia, the company said in aThe company said it would donate any profit it makes in Russia to humanitarian relief organizations, though it noted it didn’t expect to turn any profit.
Nestle, which previously announced it would stop all advertising and investment in Russia and end “non-essential” Russian imports and exports, has pointed to not turning a profit in Russia as its reason for continuing certain Russian operations previously.up the pressure for Nestle to take further action to roll back its Russian business Saturday, telling a crowd in Switzerland via video address:"'Good food. Good life.' This is the slogan of Nestlé.
relatively normal operations in Russia, including French automaker Renault, American conglomerate Koch Industries and Swiss bank Credit Suisse.
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