Coty, one of the largest manufacturers of perfumes and cosmetics, is temporarily leaving the Russian market, what was officially announced by the company's management. The concern, which owns about 77 brands, including Rimmel, Max Factor, Bourjois, Wella, Cover girl, Sally Hansen and Kylie Cosmetics, joined the anti-Russian sanctions due to a special operation in Ukraine and temporarily "turned off its activities" in Russia. In addition to its own brands, Coty holds licenses to produce perfumes and cosmetics for such giants as Gucci, Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Vera Wang, Hugo Boss, Marc Jacobs, Dolce & Gabbana, Calvin Klein, Chloé, Adidas, Dolce & Gabbana, Mexx and many more.
The Coty brand was founded in Paris in 1904 and revolutionized the world of fragrances and color cosmetics. Lipsticks and powders of this brand have been repeatedly recognized as the best at international competitions. In 1912, branches were opened in London and New York, where the company's headquarters subsequently moved.
Earlier, Johnson & Johnson, L'Oreal, Unilever, LVMH, which includes Sephora cosmetics stores, and the Estee Lauder group announced their withdrawal from the Russian market.