Russian-Ukrainian strife impacts Oriflame

Published: 9-Sep-2014
Finance

The Swedish beauty products retailer, scrap its fourth quarter dividends and see pressure exerted on this quarter’s profits.

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Ongoing Ukrainian-Russian strife has seen Oriflame, the Swedish beauty products retailer, scrap its fourth quarter dividends and see pressure exerted on this quarter’s profits. A new food ban from the Russian authorities means potential delivery problems on some lines for the company, as more than 40% of overall sales are in Eastern Europe.

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