Skip to content
Search
AI Powered
Latest Stories

Mondelez faces Nordic backlash over Russia business

Mondelez faces Nordic backlash over Russia business
REUTERS/Michael Buholzer/File Photo

Mondelez International, facing a widening corporate boycott in the Nordic region over its presence in Russia, will meet with Norwegian government representatives this week in the hope of protecting the group's local business.

Airlines SAS and Norwegian Air, railway group SJ, hotel chain Strawberry, retailer Elkjop, shipping group Fjord Line and the Norwegian Football Association were among those announcing in recent days that they would stop selling Mondelez products.


The global snack maker, producer of Oreo, Toblerone and dozens of other brands, has a strong presence in Norway and Sweden via its local chocolate manufacturers Freia and Marabou.

The Norwegian foreign ministry said on Monday it planned to meet with companies on both sides of the boycott, but stopped short of recommending a solution.

"It's up to companies and individuals to make independent choices regarding what to buy and whom to trade with," State Secretary Erling Rimestad said in a statement.

Although some Western companies sold their Russian assets after Moscow's invasion of Ukraine last year, others such as Mondelez have stayed despite pushback from employees in other countries.

Nordic companies said their decision stop selling Mondelez products was based on an announcement this year by Ukraine's National Agency for the Prevention of Corruption to blacklist the snack maker and other groups.

Coop Norge, Norway's second biggest food retailer, said on Saturday that it would seek advice from the Norwegian government before making any decisions.

Chicago-based Mondelez in a statement said it did not sell Russian-made products in Norway and that official guidelines should be based on objective criteria that treat companies equally.

Mondelez said it maintained "limited" activity in Russia while halting investment and advertising, and had condemned the war.

"Mondelez International complies with all political decisions and sanctions and will continue to consider necessary adjustments to operations in order to ensure full compliance," it added.

More for you

Britvic growth in annual revenue and profits

Strong numbers for Britvic

Britvic, the soft drinks manufacturer set to be acquired by Carlsberg, has posted robust annual results after investment in marketing and product innovation helped it maintain demand for its brands.

Over the year to Sept 30, the company’s pre-tax profits climbed 10.5 per cent to £173.2 million despite a £21.3m hit related to the proposed Carlsberg deal. Britvic stated that its growth was driven by both volume and price-mix, with strong demand for brands such as Pepsi, Tango, Lipton, MiWadi and Ballygowan.

Keep ReadingShow less
Met Police identifies four suspects in Post Office Horizon scandal

Met Police identifies four suspects in Post Office Horizon scandal

The Metropolitan Police has identified two new suspects in its investigation into possible criminal offences as part of the Post Office Horizon scandal. This takes the total number of individuals to four as the force also revealed it believes more suspects will be identified as the inquiry progresses.

Scotland Yard said members of the investigation team met with Sir Alan Bates, the leading Post Office campaigner, and fellow victims to update them on the development.

Keep ReadingShow less
Discover Britain's top hotspots for independent shops

(Photo by Chris J Ratcliffe/Getty Images)

Discover Britain's top hotspots for independent shops

New research by American Express Shop Small reveals the nation’s top 10 hotspots for independent shops, showcasing the small businesses and the valuable role they plan in their local communities.

American Express partnered with retail experts GlobalData to identify the top high streets for independent shops through ranking factors such as the number of independent outlets, variety of business types, and vibrancy of the high street.

Keep ReadingShow less
'Walkable high streets boost economy'
(Photo by Christopher Furlong/Getty Images)
Getty Images

'Walkable high streets boost economy'

Shoppers who walk and wheel spend more than those arriving by car, states a recent report, demonstrating the significant economic and social benefits of investing in walkable town centres, challenging traditional views on urban accessibility.

The findings published in third edition of "The Pedestrian Pound Report", recently published by Living Streets, the UK charity for everyday walking, come at a critical juncture for British high streets, with a record number of retail failures in 2022 and a vacancy rate of nearly one in seven by the end of 2023.

Keep ReadingShow less
Yvette Cooper

Home secretary Yvette Cooper speaking at the annual conference hosted by the NPCC and APCC on 19 November 2024

Photo: GOV.UK

Home secretary pledges to restore neighbourhood policing

Home secretary Yvette Cooper has announced plans to rebuild neighbourhood policing and combat surging shop theft as part of an ambitious programme of reform to policing.

In her first major speech at the annual conference hosted by the National Police Chiefs’ Council and Association of Police and Crime Commissioners on Tuesday, Cooper highlighted four of the key areas for reform: neighbourhood policing, police performance, structures and capabilities, crime prevention.

Keep ReadingShow less