The Recycler
  • G&G Feb 24 Masthead Banner
  • Biuromax Masthead web banner March 2024
  • Katun web banner December 2022 NEW

Xerox withdraws from Russian market

October 12, 2023

Reuters reports that the local management has acquired Xerox’s Russian operations, promising continued independent functioning.

More than 595 days after Russia invaded Ukraine, Xerox, has exited the Russian market through a management buyout, as reported by Reuters.

Following the Russian invasion of the Ukraine, Xerox initially curtailed its operations within Russia and Xerox has now divested itself from its Russian subsidiary.

Sources confirm that the “local management” has procured the Russian operations, a strategic move that promises a degree of continuity since the subsidiary will persevere to operate independently within the market. The tactical withdrawal from Russia comes amidst a backdrop of fluctuating political and economic scenarios, contributing to the palpable tension in international business circles.

The sale of Xerox’s Russian subsidiary is perceived by some as a symbol of the growing challenges multinational corporations face while conducting business amidst geopolitical tensions and disruptions. It also poses pivotal questions concerning how global corporations navigate ethically and strategically through complex political landscapes, particularly when international relations are stretched thin.

Categories : City News

Tags : Business Management Buyout Russia Subsidiary Xerox

  • TN Core April 2024 Web Banner
  • Apex Web Ad March 2024
  • Biuromax March 2024 Banner
  • GM Technology Web Ad March 2024
  • Ink Tank April 2024 Web Ads
  • Static Control June 2022 Big & Bold Ad
  • G&G Big & Bold Web banner January 2024
  • Cartridge Web April 2024 Web Banner
  • Mito Web advert July 2023
  • IR Italiana Web ad January 2021
  • Denner Feb 2024 Web Ad
  • CET Web ad December 2023
  • HYB Web banner Jan 2024
  • PCL April 2024 Web Banner
  • Zhono Web ad March 2024
  • ITP Web ad January 2021
  • Altkin Web ad March 2024
  • CET Web ad December 2023
  • PCL April 2024 Web Banner
  • Altkin Web ad March 2024
  • ITP Web ad January 2021
  • Zhono Web ad March 2024
  • Denner Feb 2024 Web Ad
  • HYB Web banner Jan 2024
  • Altkin Web ad March 2024
  • Denner Feb 2024 Web Ad
  • CET Web ad December 2023
  • PCL April 2024 Web Banner
  • ITP Web ad January 2021
  • Zhono Web ad March 2024
  • HYB Web banner Jan 2024

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark

The Recycler Subscribe Web ad January 2021
The Recycler Subscribe Web ad January 2021