Mexican bread giant Bimbo suspends sales in Russia
Mexican baked goods giant Bimbo has halted its sales and investments in Russia because of the Ukraine war. "We will continue to monitor and evaluate the situation depending on how circumstances develop," the company said Monday. It said the decision was made based on the international situation and the group's values. A statement to investors said Bimbo operates a bakery in Moscow with 362 employees. According to the statement, the Russian business accounts for 0.5 percent of the group's global sales.
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Bimbo has operations in 33 countries in the Americas, Europe, Asia and Africa, including baked goods and snacks. The company employs about 137,000 people worldwide and last year posted record sales of about 350 billion pesos (about 15.3 billion euros)./aso/DP/nas (dpa)
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