Beam Suntory Russia Statement

Beam Suntory Russia Statement

Chicago, 18 July, Beam Suntory, along with Edrington, has reached an agreement to sell the Maxxium Russia joint venture business to the local management team. After suspending shipments to Russia following the invasion of Ukraine in early March, we began reviewing approaches to the future of the Russia business.

We determined that the best way to exit the market was through a sale of the Russia joint venture to the local management team, and we wish our respected former colleagues the best with the future direction of the company.

Shipments from Beam Suntory will remain suspended as we continue to abide by all applicable laws including international sanctions.