RUSSIA: PepsiCo silent on Lebedyansky losses
Lebedyanksy books net loss for FY
PepsiCo has declined to comment on a report that its Russian juice subsidiary, Lebedyanksy, dropped into the red in 2009.
Lebedyansky recorded net losses of RUB723m (US$24.6m) for the 12 months of 2009, against net profits of RUB1bn in 2008, according to Russian news agency Prime-Tass this week.
It said the losses reflected a drop in sales and other income as a result of a corporate reorganisation.
A spokesperson for PepsiCo, which controls Lebedyansky, declined to comment when contacted by just-drinks.
Lebedyansky has an estimated 30% volume share of Russia's juice market.
As we have pondered on this site before, there are many indicators as to whether we are heading towards any sort of sustainable economic recovery, from employment levels to GDP growth and the housing ...
The global market for CSDs is expected to reach US$195bn by 2014, up 11.4% from 2009, according to research published by just-drinks this week....
Stevia supplier PureCircle has signed another venture to market sweeteners, this time with German food ingredients group Dohler....
- Diageo NA head on Trump, Millennials, Bourbon
- Trump, local spirits and the IR role - The Analyst
- Interview - Bernstein analyst Trevor Stirling
- Interview - Loch Lomond GTR head Andre de Almeida
- Has Millennial-mania drowned out elder consumers?
- Beam Suntory opens global headquarters in Chicago
- Pernod Ricard offloads Domecq brandies, wines
- Molson Coors names UK & Ireland managing director
- TWE renames Blossom Hill fruit wine range
- AB InBev launches Budweiser Uber tie-up in UK