 | |
| Company type | Public joint stock company |
|---|---|
| Industry | Consumer goods |
| Founded | 1971 |
| Headquarters | Nevinnomyssk, Russia |
| Key people |
|
| Number of employees | 2,000 (2023) |
| Website | http://www.arnest.ru |
The Arnest Group is a Russian manufacturer of perfumery, cosmetics and household products.
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, 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, in a deal worth $530 million. In August 2023, it purchased the Russian subsidiary of the Dutch brewing company, Heineken. The deal, worth $108 million, incorporated all of Heineken's Russian assets, including seven breweries, but did not included any Heineken branding rights. And in October 2024, it purchased the Russian wing of the British consumer goods company, Unilever. The deal, worth $562 million, included all of Unilever's business in Russia, four factories, and businesses in Belorussia.
References
- "About Us". Arnest.ru. 10 October 2024.
- "Over 1,000 Companies Have Curtailed Operations in Russia—But Some Remain". Yale School of Management. Retrieved 19 May 2023.
- "Ball Corporation Completes Sale of Russian Beverage Packaging Business". ball.com. 10 October 2024.
- Kennedy, Niamh (2023-08-25). "Heineken sells Russian business for $1 as it completes exit | CNN Business". CNN. Retrieved 2023-08-25.
- "HEINEKEN completes exit from Russia". www.theheinekencompany.com. 26 October 2024.
- "Unilever sells Russian business for €520mn". ft.com. 24 October 2024.
- "Unilever completes sale of Russian subsidiary". unilever.com. 10 October 2024.