Russia seizes control of Danone and Carlsberg operations
Russia seizes control of Danone and Carlsberg operations
Under a new order, the Danone and Carslberg units have been put in "temporary management" of the state.
As my dad once said to me years ago "if you don't pull out you deserve whatever happens next"
Should have gotten out when you had the chance.
Who would have thunk that an authoritarian government could just do that?
Oh no!
Anyway...
He who controls the yogurt controls the universe.
The yogurt must flow
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You thought your probiotics could save you?
The Carlsberg stock is down 0.77% today. I dare say this was expected from the investors.
Sooo beer-flavored yogurt or yogurt-flavored beer?
Mold flavored water with dairy chunks and cigarette butts. That's essentially what Russia does with stuff, any stuff
Why must you be so nasty?
Lots of liberals on here parroting the "should have gotten out when they had the chance" line. In reality, the threat of capital flight is largely a myth. Sure, you can maybe escape with much of your finance capital, but you can't take the factories and the worker who fill them with you.
And? What does it matter whether they keep their Russian factories if they pull out of Russia?
They probably paid money to get them/build them. Probably near impossible to just "sell and cash out".
But that's on them and any corporation that invested in that cesspool. Stupid risks, worse consequences.
It matters because the factories and more specifically, the workers who fill them are the ones creating value. Had they pulled out sooner, the result likely would have been the same, the state taking over management.
While I don't particularly care about private property being "repossessed" by the state, especially in an oligarchal capitalist state like Russia where it's not likely to have any large material benefit for the working class, its just funny that liberals throw stuff like this around without any analysis of the situation.
lol are you absolutely sure about it? it was a pretty common occurence in 90s in eastern europe.
step 1. foreign (generally western) company or investment fund or something buys a factory for peanuts. corruption might be involved.
step 2. that entity rolls up entire shop, sells equipment for whoever would buy it, and people get suddenly unemployed. this even happened to steelworks and shipyards
That was called "shock therapy". That's not what's happening here.
Nothing to see, just a criminal state doing criminal things.