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NEW YORK (Reuters) – Coca Cola HBC AG (LON:CCH) has started making a local cola, Dobry Cola, in Russia after stopping production and sales of Coca-Cola (NYSE:KO) Co products after Western companies left the country en masse earlier this year.
Dobry has been a juice brand in Russia but Coca-Cola HBC, which is independent of the Coca-Cola Co , said earlier this month it was exploring extending existing local brands.
‘Dobry Cola’ has no connection with Coca-Cola or the Coca-Cola Co, Coca-Cola HBC said in a statement.
The Coca-Cola Co has a 23% stake in Coca-Cola HBC.
The Interfax news agency on Friday quoted the founder of Russian fast-food chain Teremok as saying he had received notification from the company about ‘Dobry Cola,’ and was trying to sell it in his restaurants.
