Which brands are included in Mondelez:
Trostyanetska Chocolate Factory "Ukraine" and subsidiary company "Chipsy Lux" LLC. Kraft, Cadbury, Tableron, Alpen Gold, Oreo, Oscar Mayer, Philadelphia, Maxwell House, Nabisco, Milka, LU, Trident, "Korona", TUC, Belvita, Milka Choco bakery; "Barney the Bear" biscuit cakes; Lux chips, Dirol chewing gum and Halls lollipops.
What Mondelez makes:
The company is a manufacturer of food products, chocolate products, salty snacks and cookies.
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April 14, 2022 - boycott Russia official (Mondelez):
“Are you still buying any of these products from @mondelez_international? Think about whether you want to sponsor war criminals.
Mondelez is one of those companies that turn a blind eye to Russia's horrific atrocities in Ukraine. They remain one of the largest taxpayers in the country, effectively contributing to the military budget. ”
Source
Has Mondelez left the Russian market? February 21, 2024 - kse institute:
Significantly increased revenues in Russia from $928 million in 2021 to $1.343 billion in 2022. The company has three factories in Russia and continues to sell its products there, including Milka chocolate, despite investor pressure and boycotts calling for it to stay.
"At first, the company promised to reduce all non-essential activities in Russia, stop all new capital investments and suspend advertising spending. But they later announced: “We continue to evaluate the situation in Ukraine and Russia and our ability to continue to control our operations and business, and we continue to consolidate our Ukrainian and Russian subsidiaries. During Q1 2022, Ukraine generated 0.3% and Russia generated 2.4% of consolidated net income, and during Q1 2023 Ukraine generated 0.4% and Russia generated 2.8% of consolidated net income.” Significantly increased revenue in Russia from $1.016 billion in 2021 to $1.463 billion in 2022. Included in the list of international sponsors of the war is NAKC."
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. ”
Company status Which companies did not leave Russia: Mondelez (Barni, Belvita) according to the analysis: scaling back unspecified non-essential activities in Russia
Source
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Brands: Trostyanetska Chocolate Factory "Ukraine" and subsidiary company "Chipsy Lux" LLC. Kraft, Cadbury, Tableron, Alpen Gold, Oreo, Oscar Mayer, Philadelphia, Maxwell House, Nabisco, Milka, LU, Trident, "Korona", TUC, Belvita, Milka Choco bakery; "Barney the Bear" biscuit cakes; Lux chips, Dirol chewing gum and Halls lollipops.
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