Baku
The Azerbaijani branch of international food giant Danone has announced its formal liquidation, according to a notice published by Vergilər (Taxes), the official newspaper of the State Tax Service under the Ministry of Economy.
The public notice states that creditors have two months to submit claims to the company’s registered address: 37 Khojaly Avenue, Khatai District, Baku.
Exit After Nearly Two Decades
Danone’s Azerbaijani subsidiary, a limited liability company (LLC), was founded in 2006 and had a charter capital of 390,000 AZN. For years, the company was engaged in importing and distributing dairy products from globally recognized Danone brands into the Azerbaijani market.
The company did not provide a specific reason for its closure. However, its exit marks the end of nearly two decades of presence in the country’s consumer goods sector.
Market Context
Danone’s operations in Azerbaijan were part of a broader global strategy to expand into emerging markets. In recent years, however, the company has been restructuring its international portfolio, including exits from several smaller or less profitable markets in Eastern Europe and Central Asia.
Analysts note that Azerbaijan’s dairy market has seen increasing competition from local producers and regional suppliers, as well as rising import costs due to global inflation and currency fluctuations. This could have played a role in Danone’s decision to withdraw.
What’s Next?
Danone has not announced any plans to transfer operations or sell its local assets to another entity. The company’s closure will likely affect import channels, distribution networks, and brand availability in the country.
Affected stakeholders—including suppliers, clients, and creditors—are advised to file claims within the designated two-month window.
The liquidation comes amid a shifting business landscape in Azerbaijan, where a growing emphasis on local production and food security may be altering the dynamics for multinational brands.
