An update on our Russian operations

The following message was shared with Coca-Cola HBC employees regarding our operations in Russia

Dear colleagues,

I write to update you on the future shape of our business in Russia.

As we indicated in our Q1 trading update, we are making significant changes to our Russian operations in response to the ongoing geopolitical crisis.

In close alignment with The Coca-Cola Company, we have stopped all production and sales of brands of The Coca-Cola Company in Russia. There are no plans to reintroduce The Coca-Cola Company brands or products in any format.

Going forward, we intend to have a much smaller operation in Russia which has been renamed Multon Partners. This will focus on the production and sale of existing local brands - Dobry, Rich and Moya Semya - and raw materials will be sourced from within the market. It will be managed and operated locally.

Over the coming months, Multon Partners will consider how best to establish itself, which may include some extensions of existing local brands, however no plans have been finalised.   

We continue to support our colleagues and their communities in Ukraine and neighbouring countries however we can; through individual donations, volunteering and the more than $18.5m donations committed by the Coca-Cola System globally.

We appreciate this is an incredibly challenging time for many of you and we want to thank you for your support during this period.

Zoran Bogdanovic,

CEO, Coca-Cola HBC