United Confectioners

United Confectioners
Industry Confectionery
Headquarters Moscow, Russia
Revenue $953 million[1] (2016)
$25.8 million[1] (2016)
$19.4 million[1] (2016)
Total assets $316 million[1] (2016)
Total equity $40.9 million[1] (2016)
Website www.uniconf.ru

United Confectioners (Russian: Объединённые кондитеры, translit. Obedinyonnye konditery) is a Russian confectionery holding. Through its subsidiaries it produces chocolate bars, cakes, cookies and candies.[2] The holding owns brands such as Krasny Oktyabr, Rot Front and Babayevsky. The company employed 17,000 people in 2013.[3]

As of 2015 it was the 13th largest confectionery company worldwide, with sales of $2.2 billion.[4] Until 2011 the company was partly owned by the city of Moscow, and it is currently part of the GUTA Group.[5] In 2016 the company had a 20% share of the Russian confectionery market.[6] In 2014 the company's products were removed from retail in Ukraine, in retaliation against similar actions taken against the Ukrainian confectioner Roshen.[7]

References

  1. 1 2 3 4 5 http://www.rbc.ru/companies/id/193.
  2. ↑ "United Confectioners Holding Joint-Stock Company: Private Company Information". Bloomberg. Retrieved 16 August 2017.
  3. ↑ Glazunov, Mikhail (2016). Corporate Strategy in Post-Communist Russia. Routledge. ISBN 9781317352600.
  4. ↑ "2015 Global Top 100 (25-1)". Candyindustry.com. Retrieved 16 August 2017.
  5. ↑ "RUSSIA: Moscow to sell shares in United Confectioners". 26 August 2011.
  6. ↑ "Confectionery in Russia". Euromonitor.com. Retrieved 16 August 2017.
  7. ↑ "Candy counterstrike: Ukraine bans chocolate from Russia's United Confectioners". ConfectioneryNews.com. Retrieved 16 August 2017.
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