abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb

Diese Seite ist nicht auf Deutsch verfügbar und wird angezeigt auf English

Der Inhalt ist auch in den folgenden Sprachen verfügbar: English, Русский


11 Jul 2022


LVMH's Sephora to sell its Russian subsidiary

11 July 2022

LVMH's retail beauty brand Sephora is selling its Russian subsidiary to the local general manager of the chain, the French company said,...joining a flood of Western businesses leaving the country.

Sephora, which has 88 stores in Russia with 1,200 employees, will now operate under the "Ile de Beaute" brand, a local chain it bought in 2016, a few years after an initial investment...

The beauty retailer's stores in Russia have been closed since early March, when LVMH and other luxury goods companies announced they were suspending operations in the country in the wake of Russia's invasion of Ukraine.

LVMH said in March that it had a total of 124 stores and 3,500 employees in Russia...

Sephora said the deal, which would clear the way for the reopening of the chain, was subject to antitrust clearance. It did not disclose the price of the transaction...