Max Factor, Rimmel, Max Factor, Hugo Boss, Calvin Klein and other brands of cosmetics company Coty leave Russia

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: and other brands refused to sell products to Russian customers.



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