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

Wait Scaling Back

Oriflame is a Swedish-Swiss multinational multi-level marketing company, that sells beauty and personal care products.

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

Wait Scaling Back
Revenue, mln.USD
216
Staff
1605
Capital, mln.USD
37

According to the company's annual report published on February 14, 2013, sales of the CIS & Baltics division in 2012 amounted to 800 million euros, which is more than half of the company's total sales (1489.3 million euros) in the world.

The Company Statement
March 21, 2022

The company suspends online sales to end-users and also suspends investments, marketing, training and events. According to the previous statement, there will be no exports of products from Russia to the global warehouse in Europe. The production from the Russian factory is being redistributed to other manufacturing sites.

https://investors.oriflame.com/en/press-releases?archivePostback=/press/perma/2001011
March 31, 2022https://interfax.com/newsroom/top-stories/77214/
March 07, 2022Oriflame updates on the situation following the war in Ukraine
All company names used on this web page are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.