Coffee major Jacobs to stop selling foreign brands in Russia, but not leaving country
Pravda Ukraine
A Dutch coffee company JDE Peet’s, owning Jacobs, L’Or, Tassimo and Douwe Egberts, will stop selling foreign coffee and tea brands in Russia by the end of the year.
Source: Kremlin-aligned newspaper Kommersant
Details: The company’s financial report for the first half of the year indicates that the sales of all foreign brands will be discontinued by the end of the year.