DECRYPTION – With the exception of Savencia, they only sell infant formula and essential products.
Go or stay? As the list of multinationals that have suspended or stopped their activities in Russia continues to grow, the dilemma is becoming more and more acute for food manufacturers. Particularly for the French dairy and cheese giants, whose infant formulas, butters, cheeses and other creams are among the basic necessities of food in good place on the shelves of Russian supermarkets.
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At the Savencia cheese maker (Elle&Vire, Tartare, Caprice des dieux, etc.), which generates 3% of its turnover in Ukraine and Russia (170 million euros), the watchword is clear: “We are essential products for the population’s diet, so we are continuing our milk collection activities in Russia, as well as the distribution of all our cheeses, butters and creams”, insisted Thursday its managing director, Jean-Paul Torris, on the sidelines of the presentation of its annual accounts for 2021.
With a factory in Russia (which employs…