Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back

JDE Peet's is an American-Dutch company that owns beverage brands, mainly coffee, tea and hot chocolate.

Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back
Glob.Revenue, mln.USD
8570
The Company Statement
August 18, 2023

JDE Peet's (coffee brands Jacobs, L'Or, Tassimo) will stop selling foreign brands of coffee and tea in Russia before the end of the year. Only local brands will be represented in Russia. The owner of Peet’s Coffee is making a series of changes to its business to keep selling in Russia, offering a rare example of how some companies are charting a new normal as the Ukraine war rages on.

August 19, 2023Why this coffee giant is staying put in Russia
August 09, 2023Tea and coffee overflow
August 04, 2023Coffee manufacturer Jacobs plans to withdraw its foreign brands from the Russian Federation by the end of the year, it is not going to leave the market completely
August 03, 2023Coffee producer Jacobs will withdraw foreign brands from the Russian market by the end of the year
August 03, 2023Coffee producer Jacobs will stop selling foreign brands in Russia, but is not leaving the country
August 02, 2023JDE Peet's to stop selling western coffee, tea brands in Russia by year-end
April 01, 2022Annual Report 2020
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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