Chocolate maker Lindt & Sprüngli pulls out of Russia
Swiss chocolate manufacturer Lindt & Sprüngli is withdrawing from the Russian market, after announcing in March that it would cease operations there following the invasion of Ukraine by Russian armed forces.
“We will support our employees in Russia and act in accordance with local regulations,” the Zurich-based company said in a short statementExternal link on Tuesday.
On March 9 Lindt & Sprüngli announced it was closing its eight shops in Russia and halting deliveries. The previous day managing director Dieter Weisskopf had said he wanted to keep operations running for the time being.
“We’re not supplying arms or petrol, bear that in mind. But we’re monitoring the situation closely,” he said at the time.
More
More
Swiss companies’ balancing act with Russia
This content was published on
Big consumer brands are leaving Russia in droves but for many Swiss companies untangling ties isn’t that easy.
In March the Lindt & Sprüngli group employed around 120 people in Russia, where it generates less than 1% of its turnover on a total of CHF4.59 billion ($4.83 billion) in 2021.
After Russia’s invasion of Ukraine, several Swiss companies suspended their activities in Russia. Others pulled out for good, while for others it was business as usual.
More
More
Stay or go? The dilemma of Swiss companies in Russia
This content was published on
Caught between potential damage to their image and having their businesses confiscated, Swiss firms active in Russia have a tough choice.
Protein in abdominal fat could help shape obesity treatment
This content was published on
The study analysed fat cells from different locations in the body, and found that those in the abdomen have unique properties.
North African asylum claims fall after rapid Swiss processing
This content was published on
The accelerated procedure, now out of its test phase, has resulted in a significant drop in applications from North African countries.
This content was published on
The artist's song "The Code" focuses on their journey as a nonbinary individual. It is one of the favourites to win this year's contest.
Swiss climate activists block vehicles near Gotthard tunnel
This content was published on
Around ten climate activists briefly blocked the A2 motorway near the northern entrance of the Gotthard tunnel on Thursday.
Watches belonging to Michael Schumacher up for auction
This content was published on
Schumacher's family is auctioning off eight rare watches from his collection in Geneva. The Christie's auction will take place on Monday.
Joya Marleen and Baschi named best solo acts at Swiss Music Awards
This content was published on
St. Gallen singer Joya Marleen and Baschi from Basel were named artists of the year at the Swiss Music Awards 2024 on Wednesday night.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Swiss traders feel the pinch in Russia
This content was published on
Swiss firms start to feel the heat both in Russia and at home as the Ukraine crisis and Russian sanctions start to hinder trade.
Ukrainian officials shame Nestlé over Russia presence
This content was published on
Ukraine's top government officials have accused the Swiss multinational of being complicit in Russia’s "war crimes" in their country.
Swiss multinationals under pressure to untangle ties with Russia
This content was published on
Swiss companies are distancing themselves from Russia following the deadly attacks on Ukraine and subsequent economic sanctions.
West Africa braces for tough sustainable cocoa rules in Europe
This content was published on
Stricter sustainability rules could exclude West African cocoa from European markets. A cocoa farmers’ database in Ghana could be a game changer.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.