The Wall Street Journal: Oriflame Pressured by Ukraine, Russia Crisis
Cosmetics Firm May Struggle to Deliver Some Nutrient Products to Russia Due to Moscow Food Ban
STOCKHOLM-Oriflame Cosmetics SA on Thursday said the geopolitical crisis in Russia and Ukraine weighed on second-quarter profit and that it may struggle to deliver some nutrient products to Russia, one of its key markets, due to the recent food ban imposed by Moscow.
As a result it has scrapped its dividend payout for the fourth quarter due, it said.
The Swedish founded and Luxembourg-based company said that Russian police...
More: http://online.wsj.com/articles/oriflame-pressured-by-ukraine-russia-crisis-1407999649
STOCKHOLM-Oriflame Cosmetics SA on Thursday said the geopolitical crisis in Russia and Ukraine weighed on second-quarter profit and that it may struggle to deliver some nutrient products to Russia, one of its key markets, due to the recent food ban imposed by Moscow.
As a result it has scrapped its dividend payout for the fourth quarter due, it said.
The Swedish founded and Luxembourg-based company said that Russian police...
More: http://online.wsj.com/articles/oriflame-pressured-by-ukraine-russia-crisis-1407999649