Swiss food giant Nestlé said on the 18th that after its Russian business was seized, it is considering all options to protect its rights. Nestlé stated it "will take all necessary measures to protect its rights and ensure the continuation of its business operations, in the interests of all stakeholders, especially its employees," but did not touch on what specific measures it is considering. The company has six factories in Russia, producing coffee, pet care products, and infant formula, and according to its most recently published 2021 financial results, it recorded sales of about 2 billion Swiss francs in Russia and employs about 7,000 people in the country. Nestlé justifies continuing its business in Russia on the grounds that, as a food manufacturer, it supplies daily necessities. Kepler Cheuvreux analyst Jon Cox said, "Nestlé could lose these assets, and no amount of compensation would make up for it."
Nestle S.A.Nestlé's Russian business was seized and it may lose these assets, with no compensation sufficient to make up for it.
