Starbucks is closing its 130 licensed cafés in Russia after 15 years, the coffee giant announced. Its licensee Alshaya Group operates these shops, Reuters reported.
AAK announced its plan to make a ‘controlled exit’ from its operations and investments in Russia. In March, AAK temporarily froze deliveries to, and sales in, Russia.
Fazer agreed to sell its Russian business to Kolomensky Bakery and Confectionery Holding, for an undisclosed amount, according to Interfax.
Lebanon’s government will disburse USD 15 million to temporarily resolve growing bread shortages in the country, according to information Reuters has obtained from the Economy Minister Amin Salam.
Matthews Cotswold Flour has launched a two-month-long project called ‘Bake For Ukraine’, offering its award-winning flours at half price as part of the charitable campaign to raise funds for the war-torn country.
The production plant Mondelez operates in Trostyanets, a town in eastern Ukraine, suffered “significant damage”, the company said. No employees were injured in the attack, according to the information currently available.
In response to political pressure, Nestlé said it was not making a profit in Russia, and announced it was suspending all sales of non-essential brands such as KitKat and Nesquik, among others.
The Association of Bakers and Confectioners in the Czech Republic said that an increase in the price of bread should be expected this year, due to rising costs of raw materials and energy, as well as concerns about the Ukrainian workforce. However, they expect no shortage of bread.
Grupo Bimbo announced it is suspending sales of its Bimbo brand and halting new investments in Russia. The company continues to monitor and assess the situation as circumstances evolve.
Cargill Inc and Archer-Daniels-Midland (ADM) announced they would back business Russia, but would continue to operate “essential” food facilities there.