Mars is an American multinational manufacturer of confectionery, pet food, and other food products and a provider of animal care services.
"Mars has operated in Russia for over 30 years, and we employ almost 6,000 Associates who have been a vital part of our company for decades. We will continue to support them, but business as usual is not an option. This is a humanitarian crisis, and this guides all our actions. We have decided to scale back our business and will refocus our efforts in Russia on our essential role in feeding the Russian people and pets. Any profits from our Russian business will be used for humanitarian causes. We have suspended new investments in Russia and will not import or export our products in or out of Russia. Our social media and advertising activity in Russia and Belarus will remain suspended".
The company promised to scale back the business and will refocus in feeding the Russian people and pets. "Any profits from the Russian business will be used for humanitarian causes. The company will not import or export the products. Factories and sales still operating in Russia". Still operating in Russia with increasing revenue volumes in 2022 vs 2021 (+$432mn or +20%). Mars last year announced the suspension of operations in Russia. However, some factories of the company continue to produce chocolate and other products. The Prosecutor's Office of the Moscow Region is investigating the Mars company due to possible financing of the Ukrainian Armed Forces. The National Agency on Corruption Prevention (NACP) has included two leading food corporations, PepsiCo and Mars, on the list of international sponsors of the war.
|September 14, 2023||Never Can Say Goodbye. Despite Corporate Boycotts, Western Luxury Brands Are Still for Sale in Russia|
|September 01, 2023||You’re not you when you continue to work in the Russian Federation: the NACP added PepsiCo and Mars to the list of international sponsors of the war|
|September 01, 2023||Calls for American Food Giants, Mars and PepsiCo, to exit Russia as Ukraine names them ‘International Sponsors of War’|
|July 13, 2023||President flew away from Mars: The company changed the head of the confectionery business in Russia|
|July 07, 2023||TASS: the prosecutor's office of the Moscow region checks the Mars company because of the possible financing of the Armed Forces of Ukraine|
|June 18, 2023||Ice cream Mars, Bounty and Twix in bars will disappear from Russian shelves|
|June 07, 2023||Letters sent by B4Ukraine to the company (no response provided)|
|January 27, 2023||Mars response|
|March 10, 2022||Mars update on Russia and Ukraine|
|Yale's SOM List|