- Sale marks the end of Unilever’s Russian and Belarusian operations
Thu Oct 10 09:18:02 -2024 UTC– Unilever has finalized the sale of its Russian subsidiary to Arnest Group, a Russian-based manufacturer of perfumes, cosmetics, and household products.
This transaction includes Unilever’s entire Russian business along with its four factories in the country. Unilever’s business operations in Belarus are also part of the sale, according to the company.
Yearlong Preperations
Over the past year, Unilever has been preparing its Russian business for a potential sale. This process involved separating IT platforms, restructuring supply chains, and adapting brands to the Cyrillic alphabet, among other adjustments.
With the completion of this sale, Unilever has officially ended its presence in Russia. Details of the transaction, including financial terms, were not disclosed.