Coty cosmetics concern, which includes cosmetic brands such 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 their work in Russia due to Russia’s military special operation in Ukraine. It was reported by Reuters, citing a company statement.

Coty concluded that the withdrawal from the Russian market would not affect the company’s 2022 revenue projections: at the end of last year, Russia accounted for about 3% of the group’s sales.

Previously, several Western brands, including Zara, H&M, Uniqlo, L’Occitane, L’Oreal and others, announced that they were leaving Russia due to the socio-political situation and last week Essity (brands Zewa, Libresse, Libero).

Also, as part of the law banning 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.