L'Occitane International S.A. (0973.HK)

L’Occitane to stay in Russia despite political pressure

French luxury cosmetics retailer L’Occitane will keep its stores in Russia open despite political pressure to close them, the company has announced. L’Occitane has 112 retail stores in Russia, according to the company’s most recent annual report. The company’s sales in Russia topped €50 million (£42 million) in the year to 31 March 2021, representing 3.3% of the company’s worldwide revenues.