Fazer Group sells Russian business to bakery firm Kolomenskij
Fazer said in early March it would be leaving the Russian market following the invasion of Ukraine.
ByFazer Group
Russia mulling plans to seize assets Western firms leave behind
President Putin has warned Moscow would seek “legal solutions” over the ownership of assets that remain in the country.
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Less choice and higher costs – the Russian packaged food market in a time of war
Market watchers point to a large degree of pragmatism and lateral thinking learnt from the crises of the past.
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We should nationalise exiting companies’ factories, senior Russian politician says
Andrey Turchak said Russia “will not tolerate stabs in the back”.
By Fazer to “exit” Russia in response to invasion of Ukraine
The announcement follows last week’s decision by Fazer to suspend exports to the country.
By Finland’s Fazer Group suspends exports to Russia
Fazer does have assets in Russia, generating EUR157.4m in sales in the country in 2021.
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Finland’s Fazer Group adds oat-drink maker Trensums Food to portfolio
Trensums generated revenues of SEK779m (US$85.6m) in its most recent financial year.
Finland’s Fazer Group to add new production lines to Vantaa plant
Finnish food company Fazer Group is investing in the manufacturing of oat-based products.