Grupo Bimbo: Suspends Sales And Halts New Investments In Russia

Mexico City / MX. (gb) Due to the current international situation and in line with its core values, Mexico’s Grupo Bimbo S.A.B. de C.V. has suspended sales of the Bimbo brand in Russia, as well as new capital and marketing investments in the country. In 2021, Russia accounted for less than 0.5 percent of Consolidated Net Sales of the Company. Grupo Bimbo has one bakery in Moscow and employs 362 associates. The group’s priority is the wellbeing of its associates, and for that reason they will keep receiving support from the company in this complex environment. Grupo Bimbo will continue to monitor and assess the situation as circumstances evolve.

Grupo Bimbo is the leader and largest baking Company in the world and a relevant participant in snacks. Grupo Bimbo has 206 bakeries and other plants and more than 1,600 sales centers strategically located in 33 countries throughout the Americas, Europe, Asia and Africa. Its main product lines include sliced bread, buns + rolls, pastries, cakes, cookies, toast bread, English muffins, bagels, tortillas and flatbreads, salty snacks and confectionery products, among others. Grupo Bimbo produces over 13,000 products and has one of the largest direct distribution networks in the world, with more than 3 million points of sale, more than 54,000 routes and over 137,000 associates.