Tue 16 August 2022:
Swiss chocolate maker Lindt & Spruengli has decided to exit the Russian market because of the invasion of Ukraine, the company said.
The company, famous for its Lindor chocolate balls and golden foil-wrapped Easter rabbits, had decided in March to close its shops and suspend deliveries to Russia temporarily.
“We will support our employees in Russia and act in accordance with local regulations,” it said.
On March 9 Lindt & Sprüngli announced it was closing its eight shops in Russia and halting deliveries. The previous day managing director Dieter Weisskopf had said he wanted to keep operations running for the time being.
“We’re not supplying arms or petrol, bear that in mind. But we’re monitoring the situation closely,” he said at the time.
In March the Lindt & Sprüngli group employed around 120 people in Russia, where it generates less than 1% of its turnover on a total of CHF4.59 billion ($4.83 billion) in 2021.
After Russia’s invasion of Ukraine, several Swiss companies suspended their activities in Russia. Others pulled out for good, while for others it was business as usual.
SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES
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