Coty Beauty Company Winding Up Its Activities In Russia

(MENAFN- Pattern Information Agency)

Coty, a French-US natural beauty corporation incorporating some 80 cosmetic,
skin, fragrance and hair brands, is winding up its firms in
Russia, Bloomberg explained on Wednesday, siting the firm’s launch,
Pattern reviews
citing TASS .

In accordance to the company, Coty’s product sales in Russia accounted for
mere a few per cent of its total profits in 2021.

This conclusion is unlikely to effect the company’s income
forecasts for the 2022 money year, though its very long-term
money effects are not yet distinct, the firm mentioned.

Coty owns close to 80 brand names, which include this kind of fragrance brads as
Alexander McQueen, Bottega Veneta, Burberry, Calvin Klein, Chloe,
Gucci, Hugo Manager, Kylie Pores and skin, Marc Jacobs, Miu Miu, and
Tiffany.

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