RE: E.L.F Beauty - snapshot vs Rev Beauty6 Aug 2022 17:32
I don't think it says anywhere that they have exited from Russia and Ukraine. They mention only a £9M Ebitda hit as a result. The reason I mention it is that Russia might be written off at the moment but outside of the Donbas region in Ukraine normal life prevails. People are smartening themselves up to go to work, going out and trying to live a normal existence. People are not just parked up at home saying there's a war on, everything has closed. Work, income, spend.