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alphacyberranger@lemmy.world to World News@lemmy.worldEnglish · 2 years ago

Dutch brewer Heineken completes its withdrawal from Russia, takes $325m hit

www.aljazeera.com

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Dutch brewer Heineken completes its withdrawal from Russia, takes $325m hit

www.aljazeera.com

alphacyberranger@lemmy.world to World News@lemmy.worldEnglish · 2 years ago
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The world’s second largest brewer sold its business in Russia for just 1 euro ($1.08), months after announcing its exit.
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  • EyesEyesBaby@lemmy.world
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    2 years ago

    Taking a $325m hit? Heineken said they’d withdraw earlier, but still made record profits in 2022 in Russia because others left sooner and Heineken chose that opportunity to expand.

    Dutch source: https://web.archive.org/web/20230221081112/https://www.ftm.nl/artikelen/ondanks-beloften-investeert-heineken-in-rusland

  • Hiccup@lemmy.dbzer0.com
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    2 years ago

    Took them long enough. Took them off my list of permissible awhile ago because they didn’t withdraw.

    • magikmw@lemm.ee
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      2 years ago

      I took them off my list 13 years ago when I tasted the piss they call beer.

      • mothersprotege@lemm.ee
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        2 years ago

        Yeah, the only good Heineken I ever had was at the brewery in Amsterdam.

        • FastSnail@lemm.ee
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          2 years ago

          They don’t have a brewery in amsterdam. It’s just their old brewery repurposed as a tourist attraction. All beer there is exactly the same as the ones at the supermarket.

          • mothersprotege@lemm.ee
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            2 years ago

            ¯\_(ツ)_/¯ Tasted good to me, unlike all the other Heineken I’ve tried. I suppose there are all sorts of things that can affect the taste. This was 20+ years ago, if that makes any difference.

            Edit: nope, just checked and they closed the actual brewery there in 1988.

      • curious_illusions@lemmy.world
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        2 years ago

        Huh

    • residentmarchant@lemmy.world
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      2 years ago

      I did the same. I think the last news I heard was that they didn’t want to lose all their assets which is why the sale was taking so long.

      I guess they’ve won back some goodwill by seemingly trading secure jobs for their employees for 3 years in exchange for their assets.

      Still not great that it took this long…

  • SeaJ@lemm.ee
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    2 years ago

    Wow. Really quickly done there. /s

    These companies are taking even longer:

    https://som.yale.edu/story/2022/over-1000-companies-have-curtailed-operations-russia-some-remain

    As in they are still operating as if nothing has happened.

    Companies like:

    • Braun
    • British Telecom
    • Carl’s Jr
    • Cloudflare
    • Honor
    • Kawasaki
    • Lacoste
    • Makita
    • New Yorker
    • Patreon
    • Riot Games
    • Sbarro
    • Tupperware
    • Valve
    • Yamaha
    • ZTE

    There are a ton more that simply suspended new investment but are still operating.

    • PersnickityPenguin@lemm.ee
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      2 years ago

      Duck valve and makita

  • gornar@lemmy.world
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    2 years ago

    Good for them, it’s hard for a Corp to hate money temporarily

    • qaz@lemmy.world
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      2 years ago

      They promised to withdraw in 2022 but didn’t. Recently they got a lot of criticism and several large stockholders said they would take action if the company wouldn’t go through with it.

      • gornar@lemmy.world
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        2 years ago

        I guess that fully explains it, they did love money, amd risked losing it through inactivity. Classic, only doing good when forced by market pressures. Thanks!

  • hedidwot@lemmynsfw.com
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    2 years ago

    Why sell for so little? To make a point? If so then sell for the highest amount you can get then donate that to Ukraine.

  • Fat Tony@lemmy.world
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    2 years ago

    deleted by creator

  • Fat Tony@lemmy.world
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    deleted by creator

    • XTornado@lemmy.ml
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      2 years ago

      Idk but the current status with the ruble currency might not help.

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