Pernod Ricard to Cease Russian Operations
May 12 2023 - 12:48PM
Dow Jones News
By Mauro Orru
Pernod Ricard said it would stop all operations in Russia,
becoming the latest western company to announce a retreat from the
country after it invaded Ukraine.
The French drinks group said Friday that it would cease
distribution of its portfolio in Russia in the coming months, a
step further after it stopped exports of its international brands
to the country at the end of April.
"We are assessing how to adapt our local organisation in light
of these decisions, while fully complying with all local legal
regulations," the company said in a statement.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
May 12, 2023 12:33 ET (16:33 GMT)
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