Henkel plans to tie closer knot with Russia

The Scwarzkopf maker has achieved big growth in the region

Henkel boss Kasper Rorsted has committed the company’s future to Russia and Ukraine, despite the on-going political tensions and a deteriorating Russian economy.

“We have achieved significant growth there and we believe n the future of both countries,” Rorsted reportedly told shareholders at Henkel’s recent AGM. The Schwarzkopf hair care maker makes €1.1bn in sales from the Russian region. Other beauty players with significant exposure to Russia and the CIS region include Oriflame (Oriflame makes up to 50% of its sales from the region).

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