Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

A large coffee producer is to sell its coffee business in Russia
30.10.2012 16:56
A large coffee producer is to sell its coffee business in Russia
Coffee Black Card

The Israeli company Strauss Group, which owns some coffee brands like Black Card (Chernaya Karta) and Platinum, is negotiating on selling its coffee business in Russia, informs  Ynetnews. There is no official confirmation yet.

      
Strauss Group is negotiating with the largest market players, among them Nestle, Kraft Foods and Sara Lee. At that the Israeli company may get about $200 million for its business.

      
Strauss Group is producing food, non-alcoholic drinks and coffee. Among its trade marks are Black Card, Platinum, TOTTI, Ambassador, Le Cafe and FORT.

      
In the Russian coffee business Strauss Group owns 75%, another 25% is owned by the investment company TPG Capital, which invested $293 million in the joint venture in 2007.

      
Strauss Group is one of the largest participants in the coffee market in Russia with a share of 13%.

Sources: http://www.lenta.ru 

Author: Irina Fomina

Tags: Russian business     

Next Previous


You might also find interesting:

Sberbank Hold a Conference In India
29.12.2017
Sberbanks Retail Portfolio Exceeds 4.3 Trillion Roubles
27.05.2017
METRO Cash and Carry Signed a Cooperation Agreement with Sberbank Subsidiary
24.03.2018
McDonalds Switching to Russian Products
14.10.2017
Fitch Has Raised the Forecast for the Growth of the Russian Economy in 2017
14.10.2017



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
TAGS:
Birch-bark  Russian oil companies  Russian Cinema  sky-scrapers in Moscow  Charity  Dagestan  activity holidays  Bella Akhmadulina  Kseniya Boguslavskaya  Mercedes-Benz Fashion Week Russia  Russian Actresses  Film Festivals  Archeology  Russian business  Moscow  Staraya Ladoga  Russian cuisine  Irkutsk Museums  Boris Kustodiev  Alexander Matveyev  Russian Literature  Monuments to People  Illiteracy  Atlas for cyclists  Navalny Brothers  Russian roads  economic crisis  Nail Maganov  Vladimir Yankilevsky  accommodation in Moscow  Christ the Savior Cathedral  Festivals  Andrey Tupolev  Russian Film Directors  Moscow Kremlin   lowcoster  Futurama  Russian tourism  Novosibirsk  Painting  music  Russian history  Perm Bear  Samara  Maya Plisetskaya  Russian government  Paleontology  AvtoVAZ   United Buddy Bears  Exhibitions in Moscow 


Travel Blogs
Top Traveling Sites