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Benzinga
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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