Arnest Group
Russian consumer goods company
From Wikipedia, the free encyclopedia
The Arnest Group is a Russian manufacturer of perfumery, cosmetics and household products notable for its growth through acquisition of Western corporate assets in Russia under sanctions involving Russia after the Russian invasion of Ukraine.
| |
| Company type | Public joint stock company |
|---|---|
| Industry | Consumer goods |
| Founded | 1971 |
| Headquarters | Nevinnomyssk, Russia |
Key people |
|
Number of employees | 2,000 (2023) |
| Website | http://www.arnest.ru |
History
The company was founded in 1971 in Nevinnomyssk and expanded in 2007, following the purchase of Aerosol Novomoskovsk.[1]
Following the Russian invasion of Ukraine, in February 2022, many Western companies curtailed their operations in Russia[2] and, aided by favourable conditions imposed by the Russian government, the Arnest Group entered a period of rapid expansion by buying up Western subsidiaries.
In September 2022, it purchased the Russian wing of the American aluminium manufacturing company, the Ball Corporation, in a deal worth $530 million.[3] In August 2023, it purchased the Russian subsidiary of the Dutch brewing company, Heineken.[4] The deal, worth $108 million, incorporated all of Heineken's Russian assets, including seven breweries, but did not include any Heineken branding rights.[5] And in October 2024, it purchased the Russian wing of the British consumer goods company, Unilever. The deal, worth $562 million,[6] included all of Unilever's business in Russia, four factories, and businesses in Belarus.[7]