Upfield
LeaveRussia detail: Withdrawal
Upfield Holdings B.V. is a Dutch food company owning multiple brands of margarine, food spreads, and plant-based foods, including Flora and Blue Band. It states that it is the largest plant-based consumer packaged goods company in the world, operating in 95 countries. Upfield was spun off from Unilever and purchased by investment firm Kohlberg Kravis Roberts in 2018 for US$8.04 billion.
Decision trail
Decision date 21/08/2024 · Reference ↗
Received revenues in Russia in 2021-2022 but revenue dropped to 0 in 2023. According to information provided, company stopped doing business in Russia in Q1 2022. It employs no employees, have no office and no assets / revenue. Local entity remains in existence but dormant.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — exited · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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