Which brands are included in Ferrero:
Nutella, Mon Chéri, Ferrero Rocher, Kinder-surprise, Raffaello, Tic Tac
What Ferrero makes:
Italian manufacturer of chocolate and other confectionery products.
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April 3, 2022 - boycott russia official:
"Six weeks later, Ferrero has only suspended some development work as it continues to monitor the consequences of" this dramatic situation "(as she put it).
But we go beyond "dramatic situations." These are war crimes committed by the Russian military against the civilian population of Ukraine. Ferroro's conscious support has led to the killing of hundreds of vulnerable people, including many children, along with destroyed homes and social infrastructure.
Ferrero, you have become an accomplice in the genocide of the Ukrainian people. Are short-term profits in Russia more valuable than human lives and your reputation?
You have to stop now, otherwise you risk still having the blood and tears of Ukraine in your hands. ”
Source
Has Ferrero left the Russian market? May 20, 2023 - kse institute:
The vast majority of exports are direct:
"At first, the activity in Russia was suspended. The company's statement regarding Ukraine contained the following sentence: "we have decided to temporarily suspend all non-essential activities and development plans in Russia, like most other food companies" later this part of the statement was revised to "All non-essential activities and development plans in Russia remain on hold ”, avoiding comparison with “other food companies”. The vast majority of exports are direct. Comparing total exports for the year beginning March 1, 2022 versus a year earlier by value, the increase is 33% ($120M vs. $90M). The 33% increase in value was not enough to maintain the market share of exported chocolate, which fell from 18.2% to 16.9%.”
Source
Who has not left the Russian market? September 16, 2024 - Yale School of Management:
A bit of background to the fact check source:
“We have a team of experts with experience in financial analysis, economics, accounting, strategy, management, geopolitics and Eurasian affairs, fluent in ten languages, including Russian, Ukrainian, German, French, Italian, Spanish, Chinese, Hindi, Polish and in English, collecting this unique set of data from open sources such as government regulatory documents, tax documents, company reports, financial analysts' reports, Bloomberg, FactSet, MSCI, S&P Capital IQ, Thomson Reuters and business media from 166 countries; as well as non-public sources, including a global wiki-style network with more than 250 company insiders, informants and management contacts. ”
Status of the Ferrero company according to the analysis: suspend non-essential business activity
Source
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Brands: Nutella, Mon Chéri, Ferrero Rocher, Kinder-surprise, Raffaello, Tic Tac
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