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%.


Author: Irina Fomina

Tags: Russian business     

Next Previous

You might also find interesting:

An Area In Sosnovy Bor May Be Given to Cryptorouble Developers
Sberbank Presents Ecosystem for Corporate Clients
Russia Has Become the Main Supplier Of Coal to Ukraine
SPIEF 2018: Robots as Reliable Assistants of Humans
The Share Of Imported Products In Russian Stores Reached Its Historical Minimum

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
Vologda  Moscow Region  Anzhi Makhachkala  Avant-garde  Russian Rock Music  oil  Mercedes-Benz Fashion Week Russia  5th Moscow Biennale  Russian tourism  Cinderella Musical  Russian education  Erwin Blumenfeld  Books  White Crow Exhibition  Moscow Theatres  EU sanctions  Russian politicians  Yuri Roerich  Aeroflot  Strogino  Russian Standard Bank  Moscow  Russian Literature  Painting  Musical Theatres  Usolye-Sibirskoye  Military Aircrafts  Maria Chambers-Bilibina  invest  Alexander III  religion in Russia  Lake Baikal  Aircrafts  Sayanogorsk  Intel  Russian history  Russian trade  Romanovs  Roman Abramovich  Video  Russian business  the Crimea  Russian Cinema  Classical Music  Colours Festival   Concerts in St. Petersburg  Archeology  Igor Sechin  Guinness Book  Exhibitions in Moscow 

Travel Blogs
Top Traveling Sites