The American cosmetic company Coty decided to stop its activities in Russia. Coty was the last company from the USA to leave the Russian market after the Russian Federation in Ukraine, Reuters reports.
The company owns brands of cosmetics, skin care products and perfumes Burberry, Calvin Klein, Chloé, Gucci, Hugo Boss, Max Factor, Rimmel, Sally Hansen, Adidas and many others.
Coty believes that the decision will not affect its revenue goals and arrived in the 2022 financial year, noting that already in the fourth quarter of 2021 the contribution of Russian business has noticeably sagged.