Mondelez Says We Have Scaled Down Our Activities, Discontinuing New Capital Investments, New Product Launches And Our Advertising Media Spending In Russia
Portfolio Pulse from Benzinga Newsdesk
Mondelez International has announced that it is scaling down its activities in Russia, discontinuing new capital investments, product launches, and advertising media spending in the country.
June 15, 2023 | 3:58 pm
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Mondelez's decision to scale down activities in Russia may lead to reduced revenue and growth opportunities in the short term.
Mondelez's decision to scale down its activities in Russia, including discontinuing new capital investments, product launches, and advertising media spending, may lead to reduced revenue and growth opportunities in the short term. This is due to the potential loss of market share and decreased brand visibility in the Russian market.
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IMPORTANCE 75
RELEVANCE 100