The manufacturer of Zewa and Libresse finally left Russia, selling its business for $117 million
The Swedish company Essity, which owns the brands Libero, Libresse and Zewa, has finally left the Russian market, having completed the sale of its business in Russia for 1.2 billion Swedish kronor (about $117 million), the company said in a press release. “From the very beginning of Russia’s war against Ukraine, we have been completely focused on leaving Russia. Today we have completed the sale of our business after a long and difficult process,” said CEO Magnus Groth.