Unilever has completed the sale of its Russian subsidiary to Arnest Group, a Russian manufacturer specializing in perfume, cosmetics, and household products.

Unilever concluded the sale of its business and four factories in Russia and Belarus for an undisclosed amount to Arnest Group, a Russian manufacturer, the company announced on Oct. 10. "The completion of the sale ends Unilever Russia's presence in the country,

Unilever, owner of brands including Dove soap and Hellmann’s mayonnaise, said Thursday that it has completed the sale of its Russian business to Arnest Group, a local manufacturer of perfume, cosmetics and household products,

Unilever has sold its Russian subsidiary to local manufacturer Arnest Group, exiting the country more than two-and-a-half years after its invasion of Ukraine. The maker of Dove soap and Knorr stock cubes said the sale includes all of Unilever’s business in the country, including its four factories there, as well as its unit in Belarus.

Unilever becomes the latest Western company to exit business in the country since the invasion of Ukraine in February 2022.

Company says sale includes all of its business and four factories in Russia as well as its business in Belarus

The Arnest Group purchased the subsidiary; financial terms were not disclosed. Copyright © 2024 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

(Reuters) -British consumer goods firm Unilever said on Thursday it has completed the sale of its Russian business to Arnest Group, a local manufacturer of perfume, cosmetics, and household products,

Unilever Plc sold its Russian subsidiary to local manufacturer Arnest Group, exiting the country in the third year of Russia’s full-scale war on Ukraine after facing sustained public pressure.