Mexican bread giant Bimbo suspends sales in Russia

17-Mar-2022 - Mexico

Mexican baked goods giant Bimbo has halted its sales and investments in Russia because of the Ukraine war. "We will continue to monitor and evaluate the situation depending on how circumstances develop," the company said Monday. It said the decision was made based on the international situation and the group's values. A statement to investors said Bimbo operates a bakery in Moscow with 362 employees. According to the statement, the Russian business accounts for 0.5 percent of the group's global sales.

Bild von <a href=";utm_medium=referral&amp;utm_campaign=image&amp;utm_content=399286" marked="1">Sabine Schulte</a> auf <a href=";utm_medium=referral&amp;utm_campaign=image&amp;utm_content=399286" marked="1">Pixabay</a>

Bimbo has operations in 33 countries in the Americas, Europe, Asia and Africa, including baked goods and snacks. The company employs about 137,000 people worldwide and last year posted record sales of about 350 billion pesos (about 15.3 billion euros)./aso/DP/nas (dpa)

Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.

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