Europe

Coke bottler Coca-Cola HBC depletes Russia’s inventory

Bottling Coca-Cola HBC and existing Russian customers said in a statement after reporting that Reuters is being sold at the McDonald’s Corporation franchise in St. Petersburg.

When out of stock, Coca-Cola HBC, an independent company based in Zuk, Switzerland, is headquartered in Atlanta, saying, “We will no longer produce or sell Coca-Cola or other brands of the Coca-Cola Company in Russia.” Putting Coca-Cola says. ..

Coca-Cola HBC said in May that it was evaluating all options for the Russian market and suspended orders for concentrates on March 8. The company, which has 10 production bases in Russia, said it will focus on local brands.

Coca-Cola in March joined the outflow of US companies leaving Russia after invading neighboring Ukraine in February. Coca-Cola HBC at the time said it was working closely with Cola on the implementation of that decision.

According to the Coca-Cola HBC website, cola beverages are sold in bottles only in 29 markets, including Greece, Italy and Eastern European countries. [Reuters]

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https://www.ekathimerini.com/economy/1186969/coke-bottler-coca-cola-hbc-depleting-stock-in-russia/ Coke bottler Coca-Cola HBC depletes Russia’s inventory

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