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Benzinga

Business

Shivani Kumaresan

McCormick Suspends Operations In Russia

Russia McCormick MKC Ukraine NYSE World Central Kitchen

McCormick & Co Inc (NYSE:MKC) has suspended its operations in Russia. The decision follows the company's action at the start of the Russia-Ukraine conflict to stop all advertising and promotional activity and other investments in Russia.
McCormick is also supporting the Polish Center for International Aid (PCPM) and the World Central Kitchen to aid humanitarian efforts.
Many multinationals have halted their operations and investments in Russia after facing pressure from consumers to take a stand against the country's invasion of Ukraine.
Price Action: MKC shares closed lower by 0.38% at $97.94 on Thursday.

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