#Dutch company, JDE Peet’s to stop selling foreign coffee brands in russia by end of 2023

They owns trademarks like #Jacobs, #L’Or, #Tassimo, and #Douwe #Egberts

They will only sell local coffee brands in russia. CEO Fabien Simon said that the company will not leave russia due to the high risk that the company’s “assets and intellectual properties would be nationalised by the russian state or given to third parties in russia”

Read more here https://novayagazeta.eu/articles/2023/08/03/jacobs-coffee-producer-to-stop-selling-foreign-coffee-brands-in-russia-by-end-of-2023-en-news