Arab Today, arab today carlsberg shuts 2 russian breweries as sales slump
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Carlsberg shuts 2 Russian breweries as sales slump

Arab Today, arab today

Arab Today, arab today Carlsberg shuts 2 Russian breweries as sales slump

Carlsberg
Copenhagen - AFP

Danish brewer Carlsberg said Thursday it was closing two out of its 10 breweries in Russia, where sales have been hit by economic sanctions and policies to curb alcohol consumption.
"The closures will reduce the Russian capacity by approximately 15 percent and will impact 500 to 600 employees," the company said in a statement.
Shutting the two plants in Chelyabinsk and Krasnoyarsk, where production had been suspended since September, would lead to a writedown of 700 million kroner (94 million euros, $106 million), it said.
"Sales in Russia will undoubtably come under massive pressure in 2015," Sydbank analyst Morten Imsgard wrote in a note to investors.
Carlsberg, which is Russia's leading brewer with a 39 percent market share, said on Wednesday that a hiring and salary freeze had been put into place at the beginning of the year due to tough conditions in the Russian market.
Western sanctions over Russia's actions in Ukraine and a coinciding slide in the price of oil have sent the ruble tumbling and the country's economy into recession.
Brewers have also been hit by Russian measures to tackle alcoholism, which have included a crackdown on marketing and banning the sale of beer in kiosks and late at night.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today carlsberg shuts 2 russian breweries as sales slump Arab Today, arab today carlsberg shuts 2 russian breweries as sales slump

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today carlsberg shuts 2 russian breweries as sales slump Arab Today, arab today carlsberg shuts 2 russian breweries as sales slump

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday