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the brands Coca-Cola, Sprite and Fanta, which were withdrawn from the market in 2022, Vedomosti learned. This is due not only to the expiration of the brands’ patent protection, several experts told the publication, but also to the manufacturer’s intention to return them to the Russian market in the future. If trademarks are not used for any three years in business in Russia, they may be cancelled. That is, theoretically, in 2025, a person interested in the production of Coca-Cola in Russia may request the owner to transfer rights, and after refusal, file a lawsuit for early termination of brand protection. Coca-Cola will have to prove in court precisely “the production of certain goods or services by the trademark owner,” and not just presence on the market. The re-registration procedure takes about a year, a new three years of protection will begin from the moment of new registration.
The online retailer Ozon has received the decision of the government commission for redomiciliation, Russian Deputy Minister of Industry and Trade Viktor Evtukhov said on the air with Rossiya-24 television at the St. Petersburg International Economic Forum (SPIEF). "Ozon company - they have received now the decision of the government commission that they are to perform redomiciliation by the end of 2025," Evtukhov said. The Ozon’s parent company is registered in Cyprus.
Ozon maintains its outlook on turnover growth for 2024 at around 70% in annual terms, managing director of the online retailer Sergey Belyakov told TASS on the sidelines of the St. Petersburg International Economic Forum (SPIEF). "Yes, we maintain [the outlook] as we expect an around 70% increase in turnover and we plan to remain in the green zone on adjusted EBITDA in annual terms. Q1 growth amounted to 88%," he said. GMV, including services, climbed 2.1-fold in 2023 compared with 2022 to 1.75 trillion rubles. FY adjusted EBITDA totaled 4.2bn rubles.
9.2.6 Agriculture corporate news 9.2.7 TMT corporate news
● Wildberries
Russia’s largest e-commerce platform Wildberries will acquire the country's largest outdoor advertising operator Russ Group for an undisclosed amount in order to build its digital shopping platform, RBC
164 RUSSIA Country Report July 2024 www.intellinews.com