Beer giant terminates license agreements in Russia ...News

Russia Today - Economy
Beer giant terminates license agreements in Russia
source : Russia Today ( News ) () 160
Carlsberg’s business in the country was previously placed under temporary management Carlsberg Group announced on Tuesday the termination of licensing agreements with its former Russian unit, Baltika Breweries, for the production and sale of the group’s products, including international and local brands. According to a statement on its website, the move was in response to the Russian government’s temporary transfer of the company’s business to the Federal Property Management Agency. The Danish brewer said at the time that it was shocked by the decision and promised to take “reciprocal steps.”  There will be a limi

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