Two key companies have declared indefinite closures of their overseas operations in Egypt, with citizens of the country protesting their government for over a week.
Both Nestle and Coca-Cola have put a halt to their business as well as industrial operations in Egypt, as per one report that came out in The Wall Street Journal. According to the report, Coca-Cola closed its office in Cairo on Sunday.
The safety of the employees is of primary concern and the firm is taking all necessary steps to ensure everyone's safety, stated Kenth Kaerhoeg. He further added that the firm would not reopen the offices until the city became more stable.
Nestle runs as many as three factories in Egypt with over three thousand employees, which has also stopped its work in the country, as stated by the Journal. The company is currently sending away the families of around twenty expatriates, stated Nina Backes, a company spokesperson to the newspaper.
The two companies followed the footsteps of many American citizens who began abandoning the country on Monday. The U. S. Department of State issued an official order on Sunday asking American citizens to flee Egypt as soon as possible.
Coca-Cola Co. has plans to show one two minutes commercials on the Feb. 6 FOX broadcast of Super Bowl XLV. The estimated budget is ninety three thousand dollars per second just for the airtime which is roughly 5.6 million dollars per minute. The challenge is to make those two minutes count.
The Super Bowl is a natural place for Coca-Cola to be, stated Pio Schunker, senior vice president for creative excellence at Coca-Cola North America.












