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Western Brands

All articles tagged with #western brands

business21 days ago•3 min saved

Russia Expands Temporary Administration Over Western Brands

Russia widened its asset-seizure campaign by placing Nestlé, Auchan, Lemana Pro and FM Logistic under temporary administration and transferring them to LEV Management, a Kremlin-linked firm, signaling a possible move from temporary control to permanent expropriation. The action is part of a broader fortress-economy push that has driven thousands of foreign firms to exit Russia, fraying investor confidence and raising the risk of long, potential international arbitration battles; Nestlé could face about a 1 billion Swiss franc write-off, illustrating the high cost of doing business under Kremlin asset-control policies.

via Kyiv Post|

#asset-seizure #business #foreign-investment

business2 years ago•2 min saved

"Boycott Campaigns Against Israeli Goods Impact Western Brands in Arab Nations"

Western fast-food giants like McDonald's, Starbucks, and KFC are being severely affected by a boycott campaign against Israeli products in Arab countries such as Egypt, Jordan, and Turkey. The campaign, which gained momentum after Israel's war on Gaza, targets companies perceived to have pro-Israeli stances or financial ties to Israel. The boycott is spreading to other Arab countries, including Kuwait and Morocco, with calls to shift to local alternatives. The campaign is part of the pro-Palestine Boycott, Divestment and Sanctions (BDS) movement, which aims to cut economic ties with Israel to promote the Palestinian cause.

via Press TV|

#arab-countries #bds-movement #boycott

business2 years ago•5 min saved

"Boycott Campaigns in Arab Countries Impact Western Brands Amid Gaza War"

Western brands, including fast food chains like McDonald's and Starbucks, are facing the impact of a grassroots boycott campaign in some Arab countries over Israel's military offensive in the Gaza Strip. The boycott, largely spread through social media, has led to deserted outlets and a shift towards local alternatives. While the campaign has gained traction in Egypt, Jordan, Kuwait, and Morocco, its impact has been minor in Saudi Arabia and the United Arab Emirates. The targeted brands have refuted allegations of pro-Israeli stances or financial ties to Israel, but the boycott continues to gain momentum.

via Reuters|

#arab-countries #boycott #business

business3 years ago•1 min saved

Export Halt: Absolut Vodka Suspends Shipments to Russia Amid Outcry.

Pernod Ricard has suspended exports of its Absolut vodka to Russia entirely, citing a "duty of care towards our employees and partners" after reports that it was supplying products to support local entities. The French spirits group had previously reduced sales following Moscow's invasion of Ukraine. Pernod had been able to shield its local team from accusations of criminal liability by limiting supply. However, the move will not prevent Absolut from falling into the hands of the "parallel market," which has strongly increased in recent months and over which Pernod has no control.

via New York Post |

#absolut-vodka #business #exports