The Arnest Group is a Russian manufacturer of perfumery, cosmetics and household products notable for its growth through acquisition of Western corporate assets in Russia under
sanctions involving Russia Sanctions, economic or international, that have been imposed on Russia include:
* International sanctions during the Russo-Ukrainian War
International sanctions have been imposed against Russia and Crimea during the Russo-Ukrainian War by a ...
after the
Russian invasion of Ukraine
On 24 February 2022, , starting the largest and deadliest war in Europe since World War II, in a major escalation of the Russo-Ukrainian War, conflict between the two countries which began in 2014. The fighting has caused hundreds of thou ...
.
History
The company was founded in 1971 in Nevinnomyssk and expanded in 2007, following the purchase of Aerosol Novomoskovsk.
Following the
Russian invasion of Ukraine
On 24 February 2022, , starting the largest and deadliest war in Europe since World War II, in a major escalation of the Russo-Ukrainian War, conflict between the two countries which began in 2014. The fighting has caused hundreds of thou ...
, in February 2022, many Western companies curtailed their operations in Russia and, aided by favourable conditions imposed by the Russian government, the Arnest Group entered a period of rapid expansion by buying up Western subsidiaries.
In September 2022, it purchased the Russian wing of the
American aluminium manufacturing company, the
Ball Corporation
Ball Corporation is an American aluminum manufacturing company headquartered in Westminster, Colorado. It is best known for its early production of glass jars, lids, and related products used for home canning. Since its founding in Buffalo, N ...
, in a deal worth $530 million. In August 2023, it purchased the Russian subsidiary of the
Dutch brewing company
A brewery or brewing company is a business that makes and sells beer. The place at which beer is commercially made is either called a brewery or a beerhouse, where distinct sets of brewing equipment are called plant. The commercial brewing of b ...
,
Heineken
Heineken Lager Beer (), or simply Heineken (), is a Dutch pale lager beer with 5% alcohol by volume produced by the Dutch brewing company Heineken N.V. Heineken beer is sold in a green bottle with a red star.
History
On 15 February 1864, ...
. The deal, worth $108 million, incorporated all of Heineken's Russian assets, including seven breweries, but did not include any Heineken branding rights. And in October 2024, it purchased the Russian wing of the
British
British may refer to:
Peoples, culture, and language
* British people, nationals or natives of the United Kingdom, British Overseas Territories and Crown Dependencies.
* British national identity, the characteristics of British people and culture ...
consumer goods
A final good or consumer good is a final product ready for sale that is used by the consumer to satisfy current wants or needs, unlike an intermediate good, which is used to produce other goods. A microwave oven or a bicycle is a final good.
W ...
company,
Unilever
Unilever PLC () is a British multinational consumer packaged goods company headquartered in London, England. It was founded on 2 September 1929 following the merger of Dutch margarine producer Margarine Unie with British soap maker Lever B ...
. The deal, worth $562 million, included all of Unilever's business in Russia, four factories, and businesses in
Belorussia
Belarus, officially the Republic of Belarus, is a landlocked country in Eastern Europe. It is bordered by Russia to the east and northeast, Ukraine to the south, Poland to the west, and Lithuania and Latvia to the northwest. Belarus spans an a ...
.
References
{{Reflist
External links
Official website
Manufacturing companies of Russia