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Political pressure is building on Western companies to halt business in Russia following the country''s invasion of Ukraine.

PepsiCo is facing mounting pressure from consumers, politicians and other Western businesses to take a stand over the invasion of Ukraine

Snacks and drinks giant is exploring options for its business in Russia, including writing off the value of the unit, according to people familiar.

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Despite facing pressure to suspend operations in Russia, some multinational giants, such as PepsiCo and Coca-Cola, have provided no indication they plan to cut ties with the country. But today, McDonald''s announced its ceasing operations in the country.

McDonald’s Corp said on Tuesday it would temporarily close its restaurants in Russia, becoming the latest Western company to pause all operations in the country following its invasion of Ukraine. The fast-food chain said it would continue to pay salaries to its 62,000 employees in Russia. Major global brands, including McDonald’s and PepsiCo Inc , […]

(Reuters) -McDonald’s Corp said on Tuesday it would temporarily close its restaurants in Russia, becoming the latest Western company to pause all operations in the country following its invasion of Ukraine. The fast-food chain said it would continue to pay salaries to its 62,000 employees in Russia. Major global brands, including McDonald’s and PepsiCo Inc, … Read More

McDonald’s said it is temporarily closing all of its 850 restaurants in Russia in response to the country’s invasion of Ukraine. AP file McDonald’s said Tuesday it is temporarily closing all of its 850 restaurants in Russia in response to the country’s invasion of Ukraine. The burger giant said it will continue paying its 62,000 employees in Russia “who have poured their heart and soul into our McDonald’s brand.” But in an open letter to employees, McDonald’s President and CEO Chris Kempckinski said closing those stores for now is the right thing to do. “Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,” Kempczinski said. Kempczinski said it’s impossible to know when the company will be able to reopen its stores. McDonald’s has also temporarily closed 100 restaurants in Ukraine and continues to pay those employees. Related US banning Russian oil imports as Biden warns of ‘costs’ McDonald’s could take a big financial hit because of the closures. In a recent regulatory filing, the Chicago-based company said its restaurants in Russia and Ukraine contributed 9% of its annual revenue, or around $2 billion.

Colorado-based legacy cannabis edibles and topical brand Coda Signature announced executive board appointments that bring deep consumer brand experience to guide the company’s evolution. Together with co-founder and product visionary Lauren Gockley, Coda’s women-led executive suite is focused on innovation in consumer packaged goods and creating new revenue streams. The changes come as the company projects double digit growth in 2022 despite a slowing Colorado market. CEO Maigread Eichten, CFO Jessica Urbaniak and CMO Amber Milos represent decades of experience shepherding companies such as PepsiCo (NASDAQ: PEP ) , General Electric (NYSE: GE ) , and Bacardi … Full story available on Benzinga.com

Colorado-based cannabis edibles and topical brand Coda Signature announced executive board appointments that bring deep consumer brand experience to guide the company’s evolution. Together with co-founder and product visionary Lauren Gockley, Coda’s women-led executive suite is focused on innovation in consumer packaged goods and creating new revenue streams. The changes come as the company projects double digit growth in 2022 despite a slowing Colorado market. CEO Maigread Eichten, CFO Jessica Urbaniak and CMO Amber Milos represent decades of experience shepherding companies such as PepsiCo (NASDAQ: PEP ) , General Electric (NYSE: GE ) , and Bacardi USA … Full story available on Benzinga.com

Calls for boycott include other western food and drink giants such as PepsiCo, KFC, Starbucks and Burger King McDonald’s, Coca-Cola, PepsiCo and other major western food and drink companies are under mounting pressure to pull out of Russia after its invasion of Ukraine, amid calls for consumer boycotts of the brands. The companies have been criticised for their failure to speak out about the invasion, and for continuing to operate in Russia, while a host of other firms such as Netflix, Levi’s, Burberry and Ikea have halted business in the country. Continue reading…

While Apple and Ikea left, Uniqlo, Starbucks and PepsiCo are remaining.

Calls to boycott Coca-Cola, McDonald’s and PepsiCo. So far the firms have decided to stay in Russia. McDonald’s along with Coca-Cola and other companies are facing increasing demands to boycott their products. Pressure is mounting from both politicians and social media users after Russia invaded Ukraine. Social media is awash with hashtags such as #BoycottMcDonalds, […] The post Calls to boycott Coca-Cola, McDonald’s and PepsiCo appeared first on Euro Weekly News .

The New York state comptroller, Thomas DiNapoli, wrote a letter to several corporations urging them to sever business ties in Russia.

© Reuters. The logo for McDonald’s restaurant is seen as McDonald’s Corp. reports fourth quarter earnings, in Arlington, Virginia, U.S., January 27, 2022. REUTERS/Joshua Roberts By Hilary Russ NEW YORK (Reuters) -Major global brands, including McDonald’s Corp (NYSE:), PepsiCo (NASDAQ:) Inc and the Estee Lauder (NYSE:) Cos Inc, should consider pausing their operations in Russia, …