Nestle: Britain s Unilever earlier this month reported its fourth-quarter sales growth in Southeast Asia had been hurt by shoppers in Indonesia boycotting brands of multinational companies "in response to the geopolitical situation in the Middle East".
Consumers are searching for local, good Egyptian snack brands in light of the boycott in support of Palestine. With some of the most loved brands such as Pepsi, Cola, Chipsy, Cadbury, and many more being boycotted, the bar for top-notch snacks is very high. Fortunately, there is an array of Egyptian brands that could easily
(Reuters) -JDE Peet's, the owner of coffee brands such as Douwe Egberts and L'Or, said on Wednesday that new European Union sanctions against Moscow have created uncertainty over the future of its Russian business, sending shares to a record low. JDE Peet's said in August last year that it would operate its Russian operations as a stand-alone business and only sell local brands. Jefferies analysts noted the coffee group is "uncertain if they can keep control of their Russia business" given the new EU sanctions, which is dampening its 2024 outlook.
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