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

Sephora is a French multinational retailer of personal care and beauty products. Featuring nearly 340 brands, along with its own private label, Sephora Collection, Sephora offers beauty products including cosmetics, skincare, body, fragrance, nail color, beauty tools, body lotions and haircare.

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
83
Staff(RF), 2021
1200
Shops
88
Capital(RF), mln.USD
70
Assets(RF), mln.USD
122
Glob.Revenue, mln.USD
83259
The Company Statement
January 27, 2024

Sephora enters into an agreement for the sale of 100% of the shares of its subsidiary in Russia but former Sephora stores reopen in Russia under new ownership, Ile de Beauté brand. Sephora estimated the loss from the sale of its Russian subsidiary at 210 million euros. The company announced its departure from the Russian market in March 2022. In October of the same year, its stores began to open under the Ile de Beaute brand. 17.10.2022: the legal entity was sold. The full name was changed from JSC "SEFORA RUS" to JSC "ILE DE BEAUTE".

January 27, 2024Losses from the sale of Sephora in Russia are estimated at €210 million
October 17, 2022JSC "ILE DE BEAUTE" - Moscow - JSC "ILE DE BEAUTE" - General Director Drozdov E. N. - Taxpayer Identification Number 7707061530
October 10, 2022Former Sephora stores reopen in Russia under new ownership, Ile de Beauté brand
July 12, 2022Lush and Sephora cosmetics chain closes business in Russia
July 11, 2022Sephora enters into an agreement for the sale of 100% of the shares of its subsidiary in Russia
March 07, 2022Sephora announced its withdrawal from the Russian market
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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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