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Avon Halts Russian Enterprise Sale

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Avon Halts Russian Enterprise Sale

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THE WHAT? In keeping with a report within the Kommersant every day, Natura & Co-owned Avon has suspended plans to promote its enterprise in Russia.

THE DETAILS  After halting investments and exports from its Russian plant following the invasion of Ukraine, Avon thought-about promoting its manufacturing plant exterior Moscow and its Cyrillic model title rights in April 2023.

THE WHY?  Natura &Co’s choice to not promote is believed to be as a result of Russian requirement that international firms promote belongings at vital reductions. Avon, which didn’t publicly touch upon this choice, was Russia’s second-largest magnificence merchandise firm in 2022.”

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