Unilever sells Russia and Belarus operations to Arnest Group
Arnest Group is a local manufacturer of perfume, cosmetics and household products.
Unilever has confirmed it has disposed of its Russian subsidiary and its associated operation in Belarus. In a short statement today (10 October) confirming the deal, it said the assets have been sold to Arnest Group, a local manufacturer of perfume, cosmetics and household products, for an undisclosed sum.
CEO Hein Schumacher said: “The sale includes all of Unilever’s business in Russia and its four factories in the country. Our business in Belarus is also included in the sale.
“Over the past year, we have been carefully preparing the Unilever Russia business for a potential sale. This work has been very complex and has involved separating IT platforms and supply chains, as well as migrating brands to cyrillic.
“The completion of the sale ends Unilever Russia’s presence in the country.”
Last month, reports coming out of Russia suggested Unilever had been given the nod of approval by the Kremlin to sell its assets there.
Local Russian publication RBC revealed that the deal was approved at the end of August by a sub-committee of the government commission and that Unilever’s Russian assets, including its ice-cream brands, had been valued at between Rbs35bn and Rbs40bn ($394m and $449m), according to an RBC source.
When the Ben & Jerry’s ice-cream owner reported its first-half results in July, it said that, as of 30 June, its Russian business had net assets of around €600m ($665m), including four factories.
Consumer-goods companies, including Unilever, have faced public pressure to quit operating in Russia, and Russia-supported Belarus, because of its invasion of Ukraine.
A year ago, Unilever was included on a list of companies dubbed by the National Security and Defense Council of Ukraine as “sponsors of war”. When Ukraine’s National Agency for the Prevention of Corruption (NACP) added Unilever to the list, it claimed the Marmite brand owner’s profits in Russia doubled from 2021 to 2022.
Just Food
Related news
Unilever Faces Battle To Reduce Plant-Based Meat Exposure
Unilever may struggle to attract buyers for its plant-based meat…
Read more >Amazon, Unilever and Colgate-Palmolive team up to alleviate hygiene poverty
Amazon is partnering with Unilever, Colgate-Palmolive and other leading brands…
Read more >Inflation accelerated in Russia in January
In Russia, annual inflation accelerated to 9.92 percent in January…
Read more >Related news
KSH: in February consumer prices exceeded those of a year earlier by an average of 5.6 percent
In February 2025, consumer prices were 5.6 percent higher than…
Read more >Another unpleasant inflation surprise
Despite the expected slight slowdown, inflation continued to rise in…
Read more >Helia-D development team participates in prestigious international research project
Hungary’s iconic cosmetics brand, Helia-D, has been invited to participate…
Read more >