ZurichA decree, not a court, seized Nestlé’s business.
Nestlé stayed to protect 7,000 workers, and now controls neither them nor its cash.
A 2023 Putin decree lets Moscow install temporary managers over “unfriendly” countries’ assets, as it did to Danone and Carlsberg.
Nestlé says it is “weighing all options,” with no arbitration forum able to reverse the decree.
Sources: Yahoo! Finance, Investing.com