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under new Western names and brands are reborn in Russia

by John Pierce
July 3, 2023
in Business
2 min read
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grades of Western brands withdrew from Russia, avoid association with widespread in Moscow military campaign in neighboring Ukraine.

McDonald’s Corp. last week announced She sells her restaurants in Russia one of that it current local licensees, who Branches will be reopened under a new Name yet to be determined – Renamed the most popular brand to date of Companies rid themselves of Russia.

Here are some new Names that appeared:

Accounting and Consulting

The world’s “Big Four” accounting and consulting firms cut ties with Russia. In three cases, the Russian unit already Its brand has been changed.

PricewaterhouseCoopers LLP (PwC) said the successor to its Russia subsidiary will be called Technologies. of trust.

“While it may take years build Confidence and impeccable development reputationcan be undermined overnight, “technologies of Trust said.

Deloitte former Russian business It has become “Business Solutions & Technologies, according to a post on May 18th regulatory Deposit via one of Its main Russian customers, mobile MTS player.

EY’s former The Russian unit was relaunched as the Audit Solutions and Technologies Center – Audit Services, according to her website.

KPMG . said in Mars 4500 of its partners and employees in Russia and Belarus will leave KPMG network.

“All aspects of the official of The interaction will work out with each client individually on March 7, without clarifying whether business It will be re-released under Russian ownership.

Law firms and insurance companies

Zurich Insurance Company said on On May 20, she agreed to sell her Russian car business for members of local team who will work in business Under a different brand, but did not disclose new Noun.

Russian unit of Law firm Bryan Cave Leighton Paisner has re-launched itself under Russian management on April 6 as ALUMNI Partners.

Real estate

commercial real Real estate giant CBRE has pulled out of Russia, ending its partnership with Two subsidiaries there. CBRE’s former The Russian unit said that the current managers will take time over The businesswhich will work as CORE: XP.

cars

French carmaker Renault plans to sell its largest stake in Auto maker Avtovaz to Russian science institute, rose for just one ruble, with a six-year option to buy He. She back – Leave the door open for back.

Renault Russia in Moscow will stop making Renault and rename it to the Moscow Automobile Plant in Moskovitz, to revive the Moskowitz (Moscow) brand, which last Back on new Russian cars two decades ago.

Clothes

Polish retailer LPP . said on On May 19 it decided to sell its Russian company, RE Trading, to a Chinese consortium, with “There are absolutely no rights to take advantage of it trade Names and brands of LPP-owned clothing brands.

tast news The agency stated that the previous banners will be gradually replaced with new logos. Pictures on social media on Show May 20 one of LPP’s Sinsay stores already Show new Brand – sin.

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