Food Giant Danone to Withdraw from the Russian Market

Leroy Carter -

French food company Danone announced its exit from the Russian market. The company stressed that they decided to transfer control over their business in Russia, according to a press release.

On October 14, the comapny decided to start the process of transferring effective control of its Essential Dairy and Plant-based (EDP) business in Russia.

Danone has been operating in Russia for 30 years.