The company announced that it had completed the sale of its “very complicated” Russian subsidiary.
Unilever, a global consumer goods giant has announced that its Russian subsidiary was sold to Arnest Group. This local manufacturer of household products, cosmetics and perfumes is a part of the Arnest Group.
Unilever’s presence is ending in Russia after 2.5 full years of Moscow‘s invasion of Ukraine. Most Western companies stopped doing businesses in Russia much sooner, during the first or the second year of the full-scale war.
Hein Schumacher CEO of Unilever stated in a press release on 10 October.
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