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Taking a $325m hit? Heineken said they'd withdraw earlier, but still made record profits in 2022 in Russia because others left sooner and Heineken chose that opportunity to expand.
Dutch source: https://web.archive.org/web/20230221081112/https://www.ftm.nl/artikelen/ondanks-beloften-investeert-heineken-in-rusland
Took them long enough. Took them off my list of permissible awhile ago because they didn't withdraw.
I took them off my list 13 years ago when I tasted the piss they call beer.
They own much,much more than just the Heineken brand. There's some remakably good beer under their umbrella. If you want to avoid their products you're almost always on the receiving end of the slightly more in touch AB-InBev.
I looked over both companies brands, and the closest I ever got was Żywiec. Also piss these days.
Thankfully polish and european breweries aren't all owned by multinational corporations that don't care what their stuff tastes like.
Yeah, the only good Heineken I ever had was at the brewery in Amsterdam.
They don't have a brewery in amsterdam. It's just their old brewery repurposed as a tourist attraction. All beer there is exactly the same as the ones at the supermarket.
¯\_(ツ)_/¯ Tasted good to me, unlike all the other Heineken I've tried. I suppose there are all sorts of things that can affect the taste. This was 20+ years ago, if that makes any difference.
Edit: nope, just checked and they closed the actual brewery there in 1988.
Huh
I did the same. I think the last news I heard was that they didn't want to lose all their assets which is why the sale was taking so long.
I guess they've won back some goodwill by seemingly trading secure jobs for their employees for 3 years in exchange for their assets.
Still not great that it took this long...
Wow. Really quickly done there. /s
These companies are taking even longer:
https://som.yale.edu/story/2022/over-1000-companies-have-curtailed-operations-russia-some-remain
As in they are still operating as if nothing has happened.
Companies like:
There are a ton more that simply suspended new investment but are still operating.
Duck valve and makita
Better late than never. I'll certainly not complain.
Good for them, it's hard for a Corp to hate money temporarily
They promised to withdraw in 2022 but didn’t. Recently they got a lot of criticism and several large stockholders said they would take action if the company wouldn’t go through with it.
I guess that fully explains it, they did love money, amd risked losing it through inactivity. Classic, only doing good when forced by market pressures. Thanks!