Oriflame Restructures Subsidiaries to Attract New Debt

Swedish company Oriflame, known in the direct sales cosmetics sector, is taking significant steps to alleviate its financial situation. In its latest report, it was announced that the company is relocating its subsidiaries to jurisdictions that are less sensitive to bondholder requirements. This move is connected to the need to attract new borrowing to stabilize the business, which is under pressure from rising financial obligations and changing market conditions.

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