World
Posted: 3 months ago

L'Oreal Temporarily Closes its Stores in Russia

Cosmetics giant L'Oreal temporarily shuts its stores in Russia. The company also made the decision to not invest in Russian market anymore.  

“We have decided to temporarily close all our directly managed stores as well as directly managed counters in department stores and we have suspended all national industrial and advertising investments.

We strongly condemn the Russian invasion and the war waged in Ukraine, which is causing so much suffering to the Ukrainian people.", declared L'Oreal.