The press service of the Ministry of Industry and Trade of the Russian Federation reported that the Swedish company Essity, owner of the trademarks Zewa, Libresse and Libero, will transfer the right to manage businesses in the Russian Federation to Russian shareholders. activities of the company. It has been reported TASS.
“The business will continue to operate, and this decision will not affect the product range and volume, it will not affect its value,” the press service said.
Jobs are said to be saved.
On June 10, Swedish Essity, owner of Zewa, Libresse and Libero brands, stated About the termination of activities in the territory of the Russian Federation and the sale of its business in Russia. The company noted that an agreement has already been signed with the buyers for the sale of the business. Essity stressed that the deal was approved by the Russian authorities. It is expected to close in the second quarter of this year after receiving all the funds.
Olga Sumishevskaya, founder and partner of the One Story consulting firm statedIt was stated that the decision of the Swedish company Essity, which produces personal care products, to leave Russia will not affect the domestic market.
Source: Gazeta
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