Sephora Leaving Russia

Jul 12th, 2022
Jacquelyn Mueller, associate editor, Global Cosmetic Industry
The transaction is subject to clearance by relevant authorities, including anti-trust authorities.
The transaction is subject to clearance by relevant authorities, including anti-trust authorities.

LVMH has announced that Sephora has reached an "agreement for the sale of 100% of the shares of its subsidiary in Russia to its local general manager, aimed at favoring continuity for employees."

The transaction is subject to clearance by relevant authorities, including anti-trust authorities.

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