Business

French cosmetics brand Locksite is leaving Russia

Russia’s state-controlled international television network RT reported the news.

In a press release on Friday (April 15th) evening, the company said that French luxury cosmetics brand Locksitan had decided to close its stores and websites in Russia due to Moscow’s ongoing special operation in Ukraine.

“We have significantly reduced our business activities in Russia in response to the tragedy that has befallen the Ukrainian population due to Russia’s special operations,” the statement said. We have decided to close our own shops and e-commerce websites in Russia in view of the huge humanitarian crisis caused by the escalation of military operations in Ukraine and the protection of our workers from possible aggression by people around the world.

The company also said it would suspend its investment and expansion projects in Russia.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
In a recent interview with the BBC, Loxitan announced his decision to continue his business in Russia. In it, some consumers criticized the decision of the luxury cosmetics company and called for a boycott of the brand.

reported on Friday that the move to close stores in Russia had been approved by the company’s board of directors.

As a result of Moscow’s military operation in Ukraine and Western sanctions, about 800 international organizations, from clothing brands and car manufacturers to food producers and energy companies, have decided to leave Russia. These include L’Oreal, Starbucks, Coca-Cola, Apple, Eight & M, Akia, Shell and many more. Many of these companies have only announced a temporary suspension and continue to pay their employees.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button