Mondelez International, one of the world’s largest confectionery manufacturers, has commented on reports that the company will stop supplying its products to stores in the Lenta retail chain. This was reported by RIA News Quoting a company source.
The publication states that “Mon’delis Rus LLC continues to supply products under the Alpen Gold and Milka brands to its partners in Russia as usual. Confectionery products are supplied in the same volume as in 2023.
Previously Mondelez CEO Dirk van de Put statedThat Mondelez investors have no moral concerns about continuing to do business in Russia.
Under US law, asset managers must prioritize financial outcomes over moral concerns for investors. Mondelez’s revenue in Russia is well below the 5% threshold considered important by investors.
Mondelez operates in three factories in Russia and employs 2.7 thousand employees as well as indirectly 10 thousand farmers. Puth said the company’s business in Russia now operates as an independent division.
Previously Danish companies stated About his plans to stay in Russia.