Sephora will exit Russia. The prestige beauty retailer signed an agreement today to sell all of the shares in its subsidiary in the country to its general manager there. After the start of the war in Ukraine, the LVMH Moët Hennessy Louis Vuitton-owned retailer suspended its operations in Russia. “Given our increasing concerns about the current context and the complexity to operate, we will suspend our activity in Russia until further notice,” Sephora said. “We will close our store...