Cosmetics Brand Avon Halts Russia Exit – Reports
The international direct-sales cosmetics brand Avon has suspended plans to sell its business in Russia over the Kremlin’s steep exit tax, the Kommersant daily reported Wednesday, citing two anonymous industry sources. The U.S.-based Avon, owned since 2020 by Brazilian multinational Natura & Co., announced in March 2022 that it had halted investments in Russia and exports from…