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Starts winding down business operations that account for 3% of sales.
April 28, 2022
By: TOM BRANNA
Editor
Coty is the latest fast-moving consumer goods company to completely exit Russia. Hundreds of companies are making the move after Russian President Vladimir Putin ordered the invasion of Ukraine in February. Russia account for about 3% of Coty's sales, the company said Wednesday. “After careful consideration, including analysis of relevant US, UK and other applicable regulation, Coty has decided to wind down its Russian operations starting immediately,” the company said in a statement...
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