Unilever completes the sale of its Russian subsidiary to the Arnest Group.
Unilever Completes Sale of its Russian subsidiary to Arnest Group. It is a top Russian maker of perfumes, cosmetics, and household products. This sale is a key step in Unilever’s strategy to exit the Russian market, including leaving Belarus.
Unilever’s CEO, Hein Schumacher, expressed his thoughts on the completion of the deal. “This has been a complex process, but it allows us to exit Russia and Belarus while focusing on other markets.” The sale includes all of Unilever’s assets in Russia. It contains four production facilities that are vital to its local operations.
Strategic Exit After a Challenging Year
Over the last year, Unilever has been preparing its Russian business for sale. The process involved carefully separating IT systems and supply chains to ensure a smooth transition. Also, Unilever had to adapt many of its iconic brands. They translated their product names and packaging into Cyrillic to follow local regulations.
While the terms of the deal remain undisclosed, this move brings an end to Unilever’s business presence in Russia and Belarus. Arnest Group believes buying Unilever’s Russian branch will boost its market and product range. This move also opens up growth in cosmetics and household products, fields where Unilever has excelled for years.
The sale signals a new chapter for both companies. Unilever will focus on other global markets. Arnest Group will strengthen its position at home.
