Goldbach withdraws from Russia
The advertising agency Goldbach is withdrawing from Russia. The company is selling its subsidiary there, Goldbach Interactive Russia.
The buyer is a Russian Internet company, Goldbach announced on Wednesday, without giving details. The group also did not provide any information on the price. It justified the decision with the difficult market environment in Russia and the unsatisfactory business development. However, the division is of relatively minor importance: last year, Goldbach generated just three million francs of total sales of 458.6 million francs in Russia. (SDA)
