Danone to Maintain Essential Dairy, Infant Nutrition Production in Russia
March 23 2022 - 12:17PM
Dow Jones News
By Giulia Petroni
Danone S.A. will maintain its local production of essential
dairy and infant nutrition products in Russia, according to an
internal memo seen by The Wall Street Journal.
The French food company said it has ceased non-essential imports
and exports to the country, such as for its Evian and Alpro brands,
as well as all investments including advertising and consumer
promotions.
It also said it is not taking any cash, dividends or profits out
of its business in Russia. Any profits made locally will be
directed to humanitarian aid in Ukraine or to support Ukrainian
refugees.
The decision to maintain some activities in Russia was taken to
support citizens who rely on its products as well as to safeguard
its assets in the country, according to the memo.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
March 23, 2022 12:02 ET (16:02 GMT)
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