Russia – Beautifaire

2 Mar

Coty Inc. will wind down operations in Russia, which make up barely greater than 3 percent of the whole business, the corporate said Wednesday. “After careful consideration, including evaluation of relevant U.S., U.K. and other applicable regulation, Coty has decided to wind down its Russian operations starting immediately,” the corporate said in an announcement. Coty’s move to stop operations in Russia comes nearly two months after many big beauty and consumer products corporations, including Coty, halted industrial activity there, as a result of Russian president Vladimir Putin’s continuing attack on Ukraine. Coty is the tenth largest beauty manufacturer on the planet, in accordance with the Beauty Inc Top 100. The corporate posted $5 billion in sales for calendar 2021 — 3 percent of...

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13 Dec

Sephora to Exit Russia – WWD

by Beautifaire101

Beauty, Featured

PARIS — Sephora is exiting Russia. The prestige beauty retailer said Monday that it has inked an agreement to sell the entire shares in its subsidiary within the country to its general manager there. The move, in response to Sephora in a press release, has been done to favor “continuity for workers.” The LVMH Moët Hennessy Louis Vuitton-owned retailer in early March suspended its operations in Russia, after the beginning of the war in Ukraine. On the time, Sephora issued a press release saying: “Given our increasing concerns in regards to the current context and the complexity to operate, we are going to suspend our activity in Russia until further notice. We'll close our stores and e-commerce inside the subsequent 24 hours. The security of our...

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24 Nov

Queendom: an inspiring recent doc a few fearless trans

by Beauty Tips

Beauty, Featured

Queendom: an inspiring recent doc a few fearless trans

Powerful but at times harrowing, Queendom tells the inspirational story of Russian performance artist Gena Marvin, who discusses her experiences here with Jake Hall It’s late afternoon in Paris, where Russian performance artist Gena Marvin is busy fashioning a dress out of old egg cartons. “I’m gluing them onto a dress as we speak,” she laughs, her signature shaved head covered partially by a blood-red hoodie. “It smells so bad, everyone seems to be indignant at me!” We’re online today to debate Queendom, the powerful upcoming documentary about Marvin’s life and performance art. The time leading up so far has been turbulent, to say the least; Marvin resettled in Paris last year after being...

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4 May

Henkel Finalizes Sale of Russia Business Unit – WWD

by Beautifaire101

Beauty, Featured

Henkel Finalizes Sale of Russia Business Unit – WWD

PARIS – Henkel AG has finalized the sale of its business activities in Russia to a consortium of local financial investors for 54 billion rubles, or $689.6 million, the group said Thursday. The German maker of Schwarzkopf, Dial and Diadermine products had announced on April 20 its signing of an agreement to sell that activity, following Russia’s attack on Ukraine. Also on Thursday, the Düsseldorf-based group reported first-quarter sales of 5.6 billion euros, up 6.4 percent on a reported basis and 6.6. percent in organic terms. The organic growth beat financial analysts’ consensus of 4.3 percent. “That’s a superb beat in itself, but is the bottom organic growth – even for consumer alone – and the smallest beat within the sector,” wrote Bruno Monteyne,...

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