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 BackAccording 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 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.