THE WHAT? Essity, a renowned hygiene and health company, has concluded the divestment of its operations in Russia, thereby exiting the Russian market. The transaction was completed for a purchase price of approximately SEK 1.2 billion on a cash and debt-free basis.
THE DETAILS? The decision to exit the Russian market was initiated by Essity in April 2022, followed by an impairment of the company’s assets in Russia of approximately SEK 1.7 billion in the same year. The Russian operations, which in 2022 corresponded to around 2% of Essity’s total consolidated net sales, have now been acquired by New Technologies LLC, owned primarily by Igor Shilov.
THE WHY? Essity’s exit from Russia is a response to the ongoing conflict between Russia and Ukraine. As stated by Essity’s CEO, Magnus Groth, the divestment of their Russian business, though a lengthy and complex process, is a strategic move made in reaction to the geopolitical situation.
Buying aesthetics supplies typically involves sourcing these items from licensed distributors, manufacturers, or specialized suppliers who cater specifically to the needs of aesthetic professionals. These supplies are integral to performing aesthetic treatments aimed at enhancing skin appearance, addressing various skin concerns, and improving overall beauty and wellness.
Examples of aesthetics supplies include:
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Dermal Fillers: Injectable substances used to add volume and reduce wrinkles.
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Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
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Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
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Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
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Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
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Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
