THE WHAT? Essity has agreed the sale of its operations in Russia. The transaction has been approved by the Russian authorities and is expected to complete before the current quarter’s close.
THE DETAILS The identity of the buyer and terms of the deal were not disclosed. Essity said in a statement that an impairment of approximately SEK1.7 billion was carried out of the company’s assets in Russia in 2022.
THE WHY? Essity revealed that the total earnings impact of the transaction will be reported upon closing but it is not expected to have a material financial impact. Essity’s net sales in Russia amounted to approximately 2 percent of its total net sales. The Swedish health and hygiene announced its intention to exit the market in April 2022 following Russia’s invasion of Ukraine.
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.
