The British company Diageo, which owns the brands Smirnoff, Black Label, Johnnie Walker, Guinness, Baileys, Captain Morgan, has announced its withdrawal from Russia. A representative of Diageo told Kommersant about this. After the start of the war, the company temporarily suspended deliveries to the country, but now it is leaving the Russian market completely.
“We have made the difficult decision to force a gradual reduction in commercial activity in the country. We expect this process to take approximately six months, during which we will remain focused on supporting our employees, including providing them with an expanded compensation package in full compliance with Russian law, ”a company representative said.
Now the products of Diageo, which is the world's largest manufacturer of premium alcohol, are supplied to 70,000 stores and 19,000 restaurants and bars in Russia. Since March, the company has been selling off its remaining stocks in Russia.
Since the beginning of the war in Ukraine, dozens of the world's largest companies have either left Russia altogether, or reduced or suspended their activities. Heineken announced it was pulling out of the Russian market in March, and like Carlsberg, Belgian concern Anheuser-Busch InBev decided to sell its non-controlling stake in the AB InBev Efes joint venture in Russia in April.