Taking a $325m hit? Heineken said they’d withdraw earlier, but still made record profits in 2022 in Russia because others left sooner and Heineken chose that opportunity to expand.
Dutch source: https://web.archive.org/web/20230221081112/https://www.ftm.nl/artikelen/ondanks-beloften-investeert-heineken-in-rusland
Wow. Really quickly done there. /s
These companies are taking even longer:
https://som.yale.edu/story/2022/over-1000-companies-have-curtailed-operations-russia-some-remain
As in they are still operating as if nothing has happened.
Companies like:
- Braun
- British Telecom
- Carl’s Jr
- Cloudflare
- Honor
- Kawasaki
- Lacoste
- Makita
- New Yorker
- Patreon
- Riot Games
- Sbarro
- Tupperware
- Valve
- Yamaha
- ZTE
There are a ton more that simply suspended new investment but are still operating.
Duck valve and makita
Good for them, it’s hard for a Corp to hate money temporarily
They promised to withdraw in 2022 but didn’t. Recently they got a lot of criticism and several large stockholders said they would take action if the company wouldn’t go through with it.
I guess that fully explains it, they did love money, amd risked losing it through inactivity. Classic, only doing good when forced by market pressures. Thanks!
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Idk but the current status with the ruble currency might not help.
