Report: Coty Ceases Operations in Russia

Apr 28th, 2022

Jacquelyn Mueller, associate editor, Global Cosmetic Industry

Coty reportedly doesn't expect the move to impact its fiscal 2022 revenue and profit targets.

Coty reportedly doesn't expect the move to impact its fiscal 2022 revenue and profit targets.

Coty has announced that it will cease operations in Russia, according to U.S. News & World Report.

As previously reported by Global Cosmetic Industry, Sephora, Estée Lauder, L’Oréal, Johnson & Johnson and Unilever have already ceased operations in Russia as the war in Ukraine continues.

According to U.S. News & World Report, Russia accounted for a little more than 3% of Coty's sales in 2021. The company reportedly doesn't expect the move to impact its fiscal 2022 revenue and profit targets.

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