THE WHAT? The CEO of Grupo Boticario has indicated that the Brazilian company may be poised to make further acquisitions, according to a report published by the Financial Post.
THE DETAILS “It is our duty to evaluate everything out there in the market,” CEO Arthur Grynbaum told journalists at a press conference, per the Financial Post.
Local press have speculated that the group could be in the running to purchase Coty’s Brazilian operations.
THE WHY? Grupo Boticario has some catching up to do if it’s to compete with local rival Natura: the latter has completed two major purchases in as many years.