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MC Lvmh Moet Hennessy Louis Vuitton SE

792.20
14.20 (1.83%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Lvmh Moet Hennessy Louis Vuitton SE EU:MC Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  14.20 1.83% 792.20 790.00 797.70 797.70 784.00 789.00 230,329 16:40:00

LVMH's Sephora Pulls Out of Russia

11/07/2022 6:03pm

Dow Jones News


Lvmh Moet Hennessy Louis... (EU:MC)
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   By Cristina Roca 
 

Beauty-products retailer Sephora has agreed to sell its Russian subsidiary, it said Monday.

The company, which has 88 stores in Russia as of today, said it signed an agreement to sell 100% of its Russian subsidiary to its local general manager. The business will be operated under the Ile de Beaute brand.

Financial details weren't disclosed.

Sephora's parent company, luxury-goods conglomerate LVMH Moet Hennessy Louis Vuitton SE, said it would temporarily close its stores in Russia shortly after the country's invasion of Ukraine.

 

Write to Cristina Roca at cristina.roca@wsj.com

 

(END) Dow Jones Newswires

July 11, 2022 12:48 ET (16:48 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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