LOOK: These 4 Major F&B Brands Halt Operations in Russia
loader image
LOOK: These 4 Major F&B Brands Halt Operations in Russia

LOOK: These 4 Major F&B Brands Halt Operations in Russia

Current Events | March 10, 2022
  • 0

From temporarily closing their stores to suspending their businesses, these major F&B players buckle up in the united front against Russia.

Amid the ongoing war between Russia and Ukraine, many major players and brands have exited the market in a move to cripple Russia’s economy. These include well-known brands like McDonald’s, PepsiCo, Coca-Cola, and Starbucks, who have all stopped sales effective Tuesday, March 8, 2022.

And these 4 companies all have major operations in Russia.

With Starbucks and McDonald’s temporarily closing hundreds of stores, PepsiCo stopping the sale of its drinks brands, and Coca-Cola suspending its business in Russia, the bold move by these big brands in the Food and Beverage (F&B) industry will undoubtedly impact the country and its citizens.

End of an Era: McDonald’s

Despite temporarily closing all 847 of its restaurants, McDonald’s said in a statement that it will still continue paying the salaries of its 62,000 employees in Russia. But this closure also carries a symbolic message, since its first branch in central Moscow’s Pushkin Square—a symbol of flourishing American capitalism as the Soviet Union fell—will also be closed.

“We serve millions of Russian customers each day who count on McDonald’s. In the thirty-plus years that McDonald’s has operated in Russia, we’ve become an essential part of the 850 communities in which we operate,” CEO Chris Kempczinski says in a statement. “[But] at the same time, our values mean we cannot ignore the needless human suffering unfolding in Ukraine.”

A United Front

Joining the likes of iconic fast food joint McDonald’s, Starbucks Corporation is temporarily closing down hundreds of stores. “We condemn the horrific attacks on Ukraine by Russia and our hearts go out to all those affected,” says Starbucks CEO Kevin Johnson, who added that Starbucks is halting its shipment of all of its products to Russia.

On the other hand, PepsiCo will stop the sale of its drinks and many brands, while also suspending all advertising in Russia. “Given the horrific events occurring in Ukraine, we are announcing the suspension of the sale of Pepsi-Cola, and our global beverage brands in Russia, including 7Up and Mirinda,” says PepsiCo CEO Ramon Laguarta.

He adds, however, that they will continue selling essentials like milk and baby food since they have a responsibility to the country’s citizens and their workers. “By continuing to operate, we will also continue to support the livelihoods of our 20,000 Russian associates and the 40,000 Russian agricultural workers in our supply chain as they face significant challenges and uncertainty ahead,” Laguarta adds.

As for its rival Coca-Cola⁠—the official drink of the 1980 Olympic Games in Moscow—it too will suspend its business in Russia.

To date, many other companies have cut ties with Russia, with Universal Music suspending all operations in Russia and online dating app Bumble removing its apps from stores in Russia and Belarus. Earlier, Shell and BP have stopped buying oil from Russia, while the US imposed sanctions on the country by banning Russian oil and energy imports.

RELATED STORIES:

Economic Fallout: Gold and Nickel Prices Reach an All-time High

Oil Prices Surge Following Sanctions and Exiting Companies in Russia

No to Panic Buying: DTI Says Supplies are Enough

OneMega.com is your all-in-one access pass to exclusive content from a wide variety of lifestyle experts, thought leaders, influencers and leading content creators here in the Philippines and around the world. OneMega.com is a prestige media brand of One Mega Group, Inc.

ONEMEGA EDITORIAL TEAM

EDITOR-IN-CHIEF Marga Medrano-Tupaz
JR ASSOCIATE EDITOR Diane Nicole Go
GROUP CREATIVE DIRECTOR Jann Pascua
GROUP ART DIRECTOR Marc Pagdilao
MULTIMEDIA ARTIST Denielle Carag
GROUP PUBLISHER Janine Recto

CONTRIBUTORS

FASHION Amina Arañaz-Alunan Jojie Lloren Robby Carmona Patty Ang Candy Dizon Francis Libiran | BEAUTY Dr. Vicky Belo Kim Reyes-Palanca Marie Lozano Firas Abboud Jude Hipolito and Rose Velasco (JuRo) Jigs Mayuga | LUXURY Bianca Salonga JP Tuason Jeanette Ipapo-Tuason Marlon Stöckinger | TRAVEL Vern Enciso Ferdi Salvador Marie Field-Faith | TECH & GADGETS Carlo Ople Enrique Miranda Gerry Sy | HOME & DESIGN Geewel Fuster Kitty Bunag Tessa Alindogan Vianca Favila | BUSINESS & CAREER Franco Saycon Venus Navalta Eric Dee Dr. Z Teo Pinky Tobiano Atty. Connie Aquino | ENTERTAINMENT Girlie Rodis MJ Marfori G3 San Diego Georcelle Dapat Sy / G-Force | FOOD & ENTERTAINING Aüa Chino Hernandez Happy Ongpauco-Tiu Nina Daza-Puyat Robby Goco JJ Yulo | PARENTING Cat Arambulo-Antonio Paulyne Fermin Michelle Aventajado Jerika Ejercito Aguilar Celine Gabriel Lim | FITNESS & WELLNESS Nadine Tengco Harvie de Baron Sara Black Arnold Aninion Teresa Herrera Anthon Tanya Aguila Simon Greatwich | WEDDINGS Marbee Shing-Go Amanda Tirol Charisse Tinio Jason Magbanua Gideon Hermosa Robert Blancaflor | YOUTH Chris Nick Milka Romero Miko Tiu Laurel Janeena Chan

ADVERTISING

SALES DIRECTOR Maureen Alexis Busto
ACCOUNT MANAGERS Paulin Mata,
Chloe Tapucar, Jasmine Co Leng, Ivan Panganiban,
Anna Chua, Lexi Malongga

MARKETING AND ADVERTISING SERVICES

Marketing Communication Manager Pam Rodriguez
Ad & Promo Manager Brent James Castro
Copywriter / Social Media Associate Rowan Palomares
Social Media AssociateKyla Nicole Taal
Multimedia Artist Agatha Romero
Producer Elishua Balinton
Video Editor Andrew Ciudad

VIDEO & EVENTS

Sr Video Editor Jasper Bermejo
Video Editors Kenneth Dimaano
Video Editor / Producer Regina Aceron
Audio Visual & Technical Assistant
Andrew Ciudad

CREATIVE SERVICES

Creative Services Supervisor Kristoff Sison
Multimedia Artists Gari Rivera, Elmer Pereira,
Niel Jhed Ibay
Copywriters Peaches Garcia, Althea Villanueva,
Roanna Alonzo,
Chad Losanta, Christina Zabat

PRODUCTION & LOGISTICS

Production & Logistics Manager ERICA LUNA
Booking Associate Mae Talaid, KZ Francisco
Pull Out Coordinator & Production & Logistics AssistantMJ Almero

STUDIO & IMAGING

Production and Studio Manager Ed Simon
Photographer Kieran Punay, Excel Panlaque
Final Artists Eric Gallego
Cameraman JR Ramirez

SOUND AND MOTION

Sr Video Editor Jasper Bermejo
Video Editor / Producer Regina Aceron

EXECUTIVE OFFICE

AVP for MARKETING & PUBLISHING Marga Medrano-Tupaz
VP for CONTENT Peewee Isidro
CHIEF EXECUTIVE OFFICER Archie Carrasco

ONE MEGA GROUP, INC.

PRESIDENT Suki Salvador
CHAIRMAN Archie Carrasco
FOUNDING CREATIVE DIRECTOR Lorraine Belmonte
FOUNDER Sari Yap

SALES

AVP - Business Development Carmelli Daet

CONSUMER MARKETING AND CIRCULATION

Head of Consumer Marketing and Circulations Arriane Sanchez
Consumer Marketing Associate Champ Bersales
Multimedia Artist Hilrey Batolan

HUMAN RESOURCES

HR Manager Mairen Buan
Organizational Development and HR Tech Supervisor Lorenzon Miguel Barbeyto
HR Supervisor Vanessa Orpilla
Sr Payroll Associate Angielica Baril
Recruitment Associate Michelle Grace Flores

MIS / IT

Web Development Manager and MIS OIC  Carlo Tumaliuan
Web Developer Supervisor  King Villarta
Jr Web Designer  Jen-Lyn Dumlao
Senior IT Associate  Jomer Calleja

ADMINISTRATION & PURCHASING

Admin & Purchasing Manager Avy Lagarto
Office Support Associate Jorean Ann Flores
Company Driver Bernard Dela Cruz

LEGAL

Legal Counsel Atty.   Homer Alinsug
OIC-Corporate Legal   Avy Lagarto

FINANCE

Finance Manager Rachel Cabagua
Finance Supervisor Janin Tabora
Credit & Collection Supervisor Nainine Buenaobra
Senior Treasury Associate Maileen Capilitan
Senior Accounting Associate John Dela Torre
General Accounting Associate Ruffa Dela Pena
Accounting Associate Zarah Mira

CORPORATE AFFAIRS and BUSINESS EXPANSION

Head of Corporate Affairs and Business Expansion Rodolfo Palanca Jr.
Copy Chief Andrea Eliza Santos
Corporate Affairs Associate Margaux Pua
Creatives Associate Alecs Beltran

EXECUTIVE OFFICE

Chief Operating Officer Ma. Cecilia Ngo
Executive Assistant to the COO Thea Pamela So

AGC POWER HOLDINGS CORP.

Chairman & President Archie Carrasco