Both companies affected by deterioration in Russia market, weak rouble and reduction in region’s consumer spendingThe world’s second-largest bottler of Coca-Cola drinks has become the latest company to be hit by the escalating standoff between Russia and the west, along with the sportswear maker Adidas.Coca-Cola HBC, which bottles and distributes the US company’s drinks in 28 countries, said volumes would fall for the rest of the year, citing a sudden deterioration in Russia, its biggest market. … …read more
Source: The Guardian
