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...
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.
The continued political tensions in Ukraine and Russia are impacting Sweden-based Oriflame, underlined by the fact that the direct sales player's latest quarterly results show falling sales.
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.
Consumer goods giant Unilever could end the year on a high after the Russian Federal Antimonopoly Service granted it permission to acquire Russia’s biggest cosmetics manufacturer, boosting the company’s presence in emerging markets.
The Anglo-Dutch giant has acquired 82 per cent of Concern Kalina for around €500m due to its successful brands enhancing presence in an attractive emerging market for Unilever, as well as strengthening its Personal Care portfolio creating a leading position...
Cosmetics Design spoke to Euromonitor senior research analyst Virginia Lee to find out about some of the most interesting trends in the global cosmetics market, particularly the growing contrasts in the European market.
International Flavors and Fragrances cut the ribbon on a new facility in Moscow, which will help it get closer to its customers and understand tastes in the high-potential Russian market.
With the growth of cosmetics sales continuing in most of the major developing markets new opportunities continue to proliferate for niche cosmetic players, but now is the time to get in on the act.
Male grooming is motivated by work and social situations and
related to ideas of status advancement; however attitudes vary
across countries, according to a Beiersdorf survey.
The prominence of the Ukraine personal care market is steadily
increasing, now only second to Russia in Eastern Europe, the region
will be a prime focus of this years In Cosmetics event.
Capitalising on the dramatic rise in cosmetic sales in emerging
markets, Japanese cosmetic company Shiseido has announced the
development of a retail unit in Russia - a move that also aims to
further its position in the global cosmetic...
L'Oreal has laid heavy emphasis on the growing significance of
emerging markets in its future plans to continue strong sales
growth and to further consolidate its place as the worlds leading
cosmetics manufacturer.
The annual global beauty event Intercharm, held in Russia, will
this year act as a platform to highlight on the continued growth
and potential of the Russian cosmetics market.
Danish packaging company Superfos says it is expanding its
packaging production in Poland as part of a focused growth strategy
that targets all consumer packaging including cosmetics and
toiletries, reports Simon Pitman.
Amway has broken into the Russian market in a bid to tap into huge
consumer growth. The direct sales company is aiming to establish a
sales force for its range of cosmetics and household products from
centres based in Moscow and Nizhni...
Kruzas Nordic Cosmetics Distribution, a new cosmetics distribution
company serving the Baltic states and Russia, went into operation
from 1 January, 2005. An amalgamation of two existing distribution
companies, it is aiming to be...
As the Russian economy stabilises and improves, Avon says that the
country is its fastest growing market and Euromonitor predicts huge
growth over the next 10-15 years, with a potential cosmetics and
toiletries market of US$15-18...
In the last five years, the Russian perfume and cosmetics market
has been the fastest growing in the world. Sales have increased by
20-25 per cent a year in Russia in comparison with the sales growth
in western countries, which has...
Door-to-door cosmetics giant Avon digs deeper into Russian beauty
market with a hefty $40 million (€35m) investment in production
facilities, helping to hit the company's $500 million Russian sales
target for 2007.
As the domestic manufacturing of cosmetics and household goods in
Russia continues to offer significant growth potential, a new
exhibition in Moscow this coming September will focus on
formulation. The organisers of this first time...
![Estée Lauder, LVMH and Sephora are among a number of beauty companies cutting ties with Russia amidst the ongoing Ukraine conflict [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2022/03/22/russia-ukraine-war-impact-on-beauty-industry-with-brand-ceasing-operations-online-and-in-store/15259414-1-eng-GB/Russia-Ukraine-war-impact-on-beauty-industry-with-brand-ceasing-operations-online-and-in-store.jpg)
