Russian business is also not allowed to expand in Europe.
In Russia, they plan to close all Lush stores – there were 27 of them left after the start of the Russian special operation in Ukraine.
It is reported that the owner of the network could not arrange deliveries to Russia even for parallel imports.
In an interview with Readovka, Dmitry Azarov, the owner and CEO of Lush in Russia, said that the British cosmetics chain stopped working with them back in March.
The last purchased batch of cosmetics was stuck in Riga. Then the company closed half of the stores in the million-plus cities, and while it was selling off stocks of products.
Now cosmetics are left for 2-3 months.
“The head office does not want to cooperate with Russia because of public pressure – they troll on the networks, shareholders do not tolerate it. We have maintained normal relations [with the British office], everything is possible to resume, there is simply no understanding when,” says Azarov.
Lush will lose hundreds of millions of rubles due to leaving Russia, but the networks in Russia and Ukraine brought only 2% of the profit, so the reputation against the background of the haight in the Network turned out to be more important.
Meanwhile, in Europe, the Russian scooter service Whoosh is not allowed to turn around. The company bought scooters, announced the launch in early 2022, but everything has stalled in Europe.
And there is a person there who can start a business, but nothing can be done yet. Whoosh has so far 2500 scooters in Portugal and 2000 in Europe.
The Russians are confident that they will be able to turn around in the European market, although it is full, there are powerful operators there, but in Europe it is possible to keep their own developments. For example, the practice of virtual parking.
Currently, Whoosh has most of its business in Russia, Belarus and Kazakhstan. This is 80 thousand electric scooters.
As Topnews wrote earlier, LEGO is leaving the Russian market. 70 people were cut.
Most of the team in Moscow and in the Russian representation stop working.