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Coca-Cola closes Russia juice subsidiary
date:May 09, 2014
horities of pending job cuts at the local facility, says the paper, quoting the region's interim Vice-Governor Sergei Semka.

All the region's retailers were notified in the written form about Nidan's closing, said Holiday Classic retailer.

Industry data records Coca-Cola as having acquired Nidan for $276 million in 2010 when the company was the fourth-largest juice producer in Russia with a 13 percent market share.

But Coca-Cola had failed to sustain Nidan's competitiveness, Russia's Union of

12/26 00:22