Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back

L'Occitane is a French luxury retailer of body, face, hair, perfume and home products.

Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back
Revenue(RF), mln.USD
88
Assets, mln.USD
75
Capital, mln.USD
27
Glob.Revenue, mln.USD
1710
Shops
112
Staff
700
Taxes, mln.USD
6
The Company Statement
May 19, 2022

Announced exit, transferred ownership of Russian business to local management, but stores are open. 10.06.2022: Kovalenko Rostislav Petrovich becomes the new founder of the organization, Milehina Natalya Yuryevna becomes the new founder of the organization, Aleksey Vladimirovich Shumov becomes the new founder of the organization, Olga Faritovna Sabirova becomes the new founder of the organization. The record about the founder COMPANY "L'OССITAN INTERNATIONAL S.A." was deleted from the register BUT stores are open and company still continue selling its goods

September 12, 2022How Western brands 'left' Russia | Life in Russia after sanctions
May 19, 2022L’OCCITANE Group to exit Russian operations
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