Clean Break: the company completely halting Russian engagements or exiting Russia

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

Clean Break: the company completely halting Russian engagements or exiting Russia

Leave Withdrawal
Revenue(RF), mln.USD
207
Assets(RF), mln.USD
118
Capital(RF), mln.USD
75
Staff(RF), 2021
1787
Taxes(RF), mln.USD
1

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. Partial sale - SETES COSMETICS LLC (tax id 5024055294) was sold. But still no changes in the register for a key company - Oriflame Cosmetics LLC (tax id 7704270172). Oriflame, as part of a previously announced strategic review of its assets in Russia, has chosen to divest its manufacturing entity within the country. The company has already signed a binding agreement with Arnest Management LLC (Arnest), who will acquire 100% of the shares in Cetes Cosmetics Russia.

The Company Statement
April 28, 2023

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. Oriflame, as part of a previously announced strategic review of its assets in Russia, has chosen to divest its manufacturing entity within the country. The company has already signed a binding agreement with Arnest Management LLC (Arnest), who will acquire 100% of the shares in Cetes Cosmetics Russia. 11.2023: The entry about the founder of ARNEST MANAGEMENT LLC was removed from the Unified State Register of Legal Entities. JSC "ARNEST" becomes the new founder of the organization.

March 22, 2022Oriflame suspending investments in Russia
March 21, 2022Further reduction and suspension of Oriflame’s activities in Russia
March 21, 2022Further reduction and suspension of Oriflame’s activities in Russia
March 07, 2022Oriflame updates on the situation following the war in Ukraine
LLC "ARNEST COSMETICS" - Moscow Region - ARNEST COSMETICS LLC - General Director O. F. Akilbaev - TIN 5024055294
LLC "ORIFLAME COSMETICS" - Moscow - General Director Katryn Alakbarov - TIN 7704270172
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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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