Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed

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

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed
Revenue(RF), mln.USD
88
Assets(RF), mln.USD
75
Capital(RF), mln.USD
27
Glob.Revenue, mln.USD
1985
Shops
112
Staff(RF), 2021
700
Taxes(RF), 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. L’Occitane 2023 profits dragged down by Russian divestiture and lagging brands. In fact, the change of owners took place on June 10, 2022, although the brand is still used.

April 30, 2024L'Occitane will buy back its shares for $1.8 billion and leave the stock exchange
June 28, 2023L’Occitane 2023 profits dragged down by Russian divestiture and lagging brands
February 19, 2023To Stay or to Leave? How 9 Major Western Brands in Russia Responded to the Ukraine War
September 12, 2022How Western brands 'left' Russia | Life in Russia after sanctions
June 08, 2022L'Occitane stores have resumed operations in Russia
May 19, 2022L’OCCITANE Group to exit Russian operations
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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