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MOSCOW, Jul 25 International consumer goods and food maker Unilever may withdraw, sell or retain its operations in Russia, but the «least worst option» is to continue operations in conditions of severe restrictions, said the CEO of the company Hein Schumacher (Hein Schumacher).
«The first option is to abandon the business. We believe that, in fact, this can lead to its nationalization, given all the events that have occurred recently. The second option is to sell the business, but the reality is that «we have not found an acceptable solution that meets our stated goals. None of the options are good, but the last option, which involves limited business, is the least bad, and that's where we are,» Reuters quotes the words of the company's CEO.
In March last year, Unilever announced the suspension of exports of its products to Russia and imports from it, as well as the termination of investment in the country and spending on media and advertising.
Unilever was founded in 1930 as a result of the merger of the Dutch Margarine Uni and the British Lever Brothers. Currently, its portfolio includes approximately 400 brands represented in the markets of 170 countries. Among them are Lux, OMO, Signal, Impulse, Sunsilk, Timotei, Denim, Delmy, Dove, Rexona, Ax, Domestos, Knorr and a number of others.
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