Unilever announced on October 10, 2024, that it has completed the sale of its Russian unit to Arnest Group. Arnest Group is a Russia-based manufacturer specializing in perfume, cosmetics, and household products.
This divestiture signifies Unilever's full withdrawal from the Russian market, a move that addresses the company's operational presence in the region. The completion of this sale streamlines Unilever's global operations.
The transaction concludes a period of uncertainty regarding Unilever's business in Russia. This strategic decision allows Unilever to focus its resources on other markets and core business segments.
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