Dutch brewer Heineken has said it will exit its business operations in Russia—a move the company expects will cost 400 million euros ($438 million). Heineken previously announced it was halting new investments and exports to Russia, as well as the production, sale, and advertising of the Heineken brand. The Amsterdam-headquartered company had also said it would…
Heineken Announces Exit From Russia, Expects to Lose 400 Million Euros
March 28, 2022
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Business & EconomyCompanieseconomic policieseconomic sanctionsEuropeHeinekenMarketsRussia-Ukraine WarWorld
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Heineken Warns Inflation Will Lead to Beer Price Increase
February 17, 2022
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Business & EconomyBusinesses in COVID-19CompaniesEuropeHeinekeninflationMarketsSupply Chain WoesTechUncategorizedWorld
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Heineken said on Feb. 16 that the CCP virus pandemic will affect its revenues for 2022, and that inflation and supply chain pressures are a significant factor. The world’s second largest brewer, whose brands also include Amstel, Tiger, and Moretti, joins its rival Carlsberg in sounding caution over inflationary pressures that threaten to hinder their…
New CEO to Cut 8,000 Jobs as Heineken Feels Pandemic Effect
BRUSSELS—Heineken plans to cut about 8,000 jobs, the Dutch beer group said on Wednesday, seeking to restore operating margins to pre-pandemic levels after a sharp decline in profit because of coronavirus restrictions. The world’s second-largest brewer, which makes Europe’s top selling lager Heineken as well as Tiger and Sol, said it would save 2 billion…
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