Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

Wait Pausing Investments

Nestle is a Swiss multinational food and drink corporation. It is the largest publicly held food company in the world.

Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

Wait Pausing Investments

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500

Top 100 largest companies in Russia by revenue

Top 100
Revenue, mln.USD
2679
Plants
7
Staff
7000
Capital, mln.USD
1275
Taxes, mln.USD
502
Glob.Revenue, mln.USD
91170
The Company Statement
March 23, 2022

The company is suspending KitKat and Nesquik, among other brands. It halted non-essential imports and exports into and out of Russia, stopped advertising, and suspended all capital investment in the country. Nestle doesn't expect to make a profit in the country or pay any related taxes for the foreseeable future in Russia, any profit will be donated to humanitarian relief organizations.

March 31, 2022https://forbes.ua/news/nestle-ne-sponsorue-viynu-shveytsarska-kompaniya-zayavila-shcho-ne-splachuvatime-podatki-v-rosii-27052022-6263
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