Russia

Estée Lauder, LVMH and Sephora are among a number of beauty companies cutting ties with Russia amidst the ongoing Ukraine conflict [Getty Images]

‘Drastic but necessary’: Beauty majors cease business in Russia

By Kacey Culliney

Several major beauty brands and retailers have suspended operations in Russia amidst the ongoing Ukraine conflict – action that aligns with widespread consumer sentiment and the increasing difficulties of doing business in the country, according to one...

L2 awards Yves Rocher with Russia digital 'genius' status

L2 awards Yves Rocher with Russia digital 'genius' status

By Michelle Yeomans

According to L2’s Russia Luxury Digital IQ Index, few Western prestige brands are making the right digital investments and insulating themselves from market uncertainty. However, cosmetics company Yves Rocher has been awarded the top ‘Genius’ title for...

Russia’s sanctions slowing down cosmetics business

Russia’s sanctions slowing down cosmetics business

By Michelle Yeomans

Global personal care players are reporting the Russian cosmetics market to have slowed down due to sanctions imposed on Russia by western countries as well as the ongoing military conflict in Ukraine.

Europe's most lucrative market right now? Russia!

Europe's most lucrative market right now? Russia!

By Michelle Yeomans

Despite European data showing a 0.8% sales drop, the Russian perfumery and cosmetics industry is still proving to be prosperous with a growth rate reaching 11% in 2013.

Ceresana expects 'profound changes' for stabilizers market

Ceresana expects 'profound changes' for stabilizers market

By Michelle Yeomans

Plastics last forever – but only when protected against effects of heat and light. Therefore, stabilizers are indispensable for many products made from plastic, ensuring safe processing and preventing premature ageing and weathering. 

L’Oréal and Beiersdorf 'monitoring' Ukraine crisis

L’Oréal and Beiersdorf 'monitoring' Ukraine crisis

By Michelle Yeomans

European cosmetic companies, including L'Oréal and Beiersdorf are keeping an eye on the current political crisis in Ukraine, but are reporting no disruption to their operations in and exports to the country.

Sales outside of Europe drive L’Occitane results

Sales outside of Europe drive L’Occitane results

By Simon Pitman

France-based organic cosmetic provider L’Occitane has shown a big rise in its turnover for the most recent quarter on the back of a strong performance in markets outside of Europe.