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Russia Seizes Assets Of Swiss Food Giant Nestle
Russia Seizes Assets Of Swiss Food Giant Nestle
Russian authorities seized the remaining businesses and assets of Swiss food giant Nestle and three French groups, the latest move against Western firms in response to sanctions against Moscow.
A decree signed by President Vladimir Putin issued late Thursday transferred the Russian operations of Nestle, French retailer Auchan and the former Leroy Merlin DIY chain, now known as Lemana Pro, to a company called LEV Management. The decree also covers the Russian subsidiaries of French logistics group FM Logistic, France24 reported.
Investigative outlet Novaya Gazeta Europe reported...
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'Take The Badge Off': Former Ferrari Boss Slams New $635k EV That Company Thinks Will Attract 'Younger Buyers'
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One week after Ferrari unveiled its first-ever all-electric car, called the Luce, the design continues to divide analysts. Some referred to the new model as a "mix between a Honda Accord EV and a Tesla," while others said that Tesla's Model S Plaid was far superior. The latest report from Goldman analysts provided new details about their most recent visit to Ferrari's headquarters in Maranello.
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