British-American cosmetics giant staying in Russia – Kommersant ...News

Russia Today - Economy
British-American cosmetics giant staying in Russia – Kommersant
source : Russia Today ( News ) () 144
Avon has suspended plans to sell its plant and withdraw from the country, the outlet has reported International direct-sales cosmetics brand Avon has halted plans to sell its Russian business due to a steep exit tax, Kommersant reported on Wednesday, citing industry sources.   The US-based multinational announced in March 2022 that it had stopped investments in Russia and exports from its Russian plant to other markets following the start of the Ukraine conflict.   Earlier this year, Kommersant reported that Avon had launched preparations to sell the plant, which is just outside Moscow, although the company did no

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