Cosmetic concern Coty, which includes such cosmetic brands as Guess, Adidas, Balenciaga, Dolce & Gabbana, Davidoff, Gucci, Hugo Boss, Marc Jacobs, Bottega Veneta, Burberry, Calvin Klein, Miu Miu, Tiffany & Co, Max Factor , Bourjois, Rimmel, CoverGirl and others, decided to suspend work in Russia due to the Russian military special operation in Ukraine. It is reported by Reuters, citing a company statement.
Coty concluded that the withdrawal from the Russian market will not affect the company’s forecasts for revenue for 2022: at the end of last year, Russia accounts for about 3% of the group’s sales.
Earlier, many Western brands, including Zara, H&M, Uniqlo, L’Occitane, L’Oreal and others, announced their departure from Russia due to the socio-political situation, and last week Essity (brands Zewa, Libresse , Libero).
In addition, as part of the law prohibiting the import of luxury goods into Russia in European Chanel boutiques, Celine, Louis Vuitton, Dior, Marc Jacobs
View in full: https://www.spletnik.ru/buzz/chronicle/105784-v-lvhm-v-evrope-perestali-obsluzhivat-klientov-iz-rossii.html and other brands refused to sell products to Russian customers.