Natura &Co’s Avon has debuted an e-commerce platform for shoppers in Mexico, according to a report published by Retail & Leisure International.
Specialty chemicals provider Azelis has expanded its foothold into the South American market with the purchase of ROCSA Colombia S.A., a specialty chemical distributor active in both life sciences and industrial chemical markets.
Natura &Co has announced a group reorganization whereby the company will transition to a simpler holding company structure.
Grupo Boticário is to open an innovation hub in Portugal in a bid to search for technology talent, according to a report by Forbes.
L’Oréal Paris has unlocked articles on sexual harassment to millions of readers in Brazil in a bid to help combat harassment in public spaces, according to a report by The Drum.
Procter & Gamble’s Lima plant has been awarded a US$400,000 grant by the Ohio Rail Development Commission, according to a report published by LimaOhio.com.
Natura &Co has reported its results for the first quarter of fiscal 2022. The Brazilian owner of Aesop and The Body Shop saw revenue drop 4.6 percent in constant currency top R$8.3 billion.
Dow has announced that it has completed the mapping stage of Project Yba Conservation that Transforms, a critical milestone towards full implementation of the project.
Natura &Co has been recognised as one of the world’s most ethical companies by the Ethisphere Institute. L’Oréal, Kao, Colgate Palmolive and Firmenich also made the 2022 list.
Cresco Labs is set to become the biggest cannabis producer in the US with the acquisition of rival Columbia Care Inc in a US$2 billion deal – one of the biggest in the industry, according to Reuters.
Natura &Co has decided against a move for its primary stock market listing from Brazil to the US, according to a report published by Bloomberg, amid market volatility due to impending interest rate rises and the war in Ukraine.
Kao, L’Oréal and Natura &Co are just some of the cosmetics companies named on the 2022 World’s Most Ethical Companies Honoree List
Natura &Co has reported its results for the final quarter of fiscal 2021. The Brazilian owner of The Body Shop, Aesop and Avon saw net income more than triple, hitting R$1 billion for the full year, and posted an EBITDA margin gain of 90 basis points in the last three months of the financial year.
Some 36 cosmetics companies and industry bodies have joined forces to form The EcoBeautyScore Consortium, which aims to develop an industry-wide environmental impact assessment and scoring system for beauty products.
Dufry has announced that it has won the tender for the duty-free and duty-paid concessions at Brazil’s Recife International Airport for eight years.
Coty has announced that it will no longer be proceeding with the planned IPO for its Brazil unit, according to a report published by Reuters.
Betterware de Mexico has announced that it has signed a definitive agreement to acquire 100 percent of JAFRA’s operations in Mexico and the US from the Vorwerk group for US$155 million.
If ever there was a test designed to sort the wheat from the chaff, it was 2020. Some emerged from the pandemic’s salient year bigger and better (looking at you Amazon, LVMH), others, not so much. Indeed, 2021’s results provided an instant litmus test into the health of a given company after 2020 had done its worst. From Q1, we could see those who were bouncing back bigger and better and, in contrast, those who were still struggling.
While most companies pay at least lip service to sustainability, even as planet-friendly has become essential for CPG success, there are those continuing to resist – and that resistance comes in one of two forms: either everything goes suspiciously quiet or, worse, companies shout loudly but their claims don’t stand up to scrutiny.
Pre-pandemic, North America’s digital channel was under developed, especially compared to China and, in some cases, not much has changed. While some have adopted a more sophisticated approach to digital engagement, others have continued to dictate, not engage. This dogged determination to market at, not converse with, their audience won’t wash for long and shoppers have started to scroll on by.
As the COVID-19 pandemic categorically failed to be ‘all over by Christmas’ and rolled on and on into 2021, one thing became clear; those retailers who had hoped to ‘ride it out’ had some catching up to do….
The pandemic killed the global supply chain as we knew it and several suppliers, manufacturers and retailers have struggled to come to terms with that in 2021. The result? Empty shelves, rising inflation and a stark choice between passing on the rising costs to consumers or taking a hit on margin to come.
Throughout 2020, there was much talk of ‘building back better’ and we expected our post-pandemic world to be a green, eco-friendly utopia. However, as 2021 bought renewed lockdowns and restrictions, has our ‘happy ever after’ transpired? Certainly, sustainable beauty is evolving, new targets have been set and we are asking more. We want products with soul and that comes hand in hand with planet-friendly.
Cast your mind back to early 2020. Did you think COVID-19 would be ‘all over by Christmas’ or were you more inclined to dig in for the long term? Two years on, with several countries grappling with a fourth wave and Omicron surging, the doomsayers aren’t looking so ridiculous and those who decided to ‘wait it out’ rather than pivot are struggling still as restrictions persist far longer than anyone predicted and the end of the pandemic proves elusive.
With digital in continual demand, those who invested early continued to reap the rewards in 2021. However, with all the online wizardry at our disposal today, we’d do well to remember that personal connection is still important to consumers. Digital will only secure a permanent spot in shoppers’ hearts if it evolves to scratch that itch; a functional, faceless online shopping platform will take you so far, consumers expect seamless service and a personalized approach.
Retailers faced some almost insurmountable challenges in 2021 – from renewed lockdowns shuttering bricks and mortar locations to the ongoing supply chain crisis and labor shortages, it’s a wonder any survived.
Supply chain disruption prompted by pandemic shutdowns has persisted throughout 2021 and only those able to think on their feet and come up with workarounds can thrive in this environment. Investment in local sourcing, safeguarding raw materials supply, local manufacturing hubs, a flexible approach to logistics and the ability to generate power on site have all been crucial for success in the past 12 months.
Avon has announced the launch of a new campaign in collaboration with the NO MORE foundation to speak out against verbal abuse, as well as launching an online educational portal and offering training for customers, representatives and associates.
L’Occitane has acquired a majority stake in Brazilian premium beauty brand Sol de Janeiro, taking an indirect equity interest of 83 percent.
Aesop and The Body Shop parent company Natura has reported a slight sales decline in Q3, with consolidated net revenue in at R$9.5 billion, down 4.2 percent in BRL and 4.5 percent at constant currency.
Natura &Co’s Founder and Co-chairman has branded the Brazilian government’s climate change targets, announced during the 2021 United Climate Change Conference in Scotland, underwhelming’, according to a report published by Reuters.
Valentina Sampaio has been named as the newest face of Armani Beauty, and will feature in the brand’s 2022 beauty campaigns.
Companhia Brasileira de Aluminio (CBA) has announced that it will create a specific business unit to manage its energy self-generation assets.
Tupperware Brands has announced that it has entered into a definitive agreement to sale its House of Fuller beauty business in Mexico.
The Ordinary parent company Deciem is entering the Mexican beauty market, with a retail launch into luxury department store El Palacio de Hierro.
Authentic Brands Group (ABG) has appointed Joesph N. Zarro as its new President of Latin America (LATAM).
Sephora is set to allocate an investment of more than 150 million pesos (US$7.5 million) to open five news stores in Mexico by 2022.
Procter & Gamble is set to invest 600 million pesos (US$5.8 million) in a bid to modernize and increase its production lines in Argentina, according to a report by Market Research Telecast.
Mexico has become the first North American country to pass a ban on testing cosmetic on animals, with the senate giving unanimous support.
Coty has filed an IPO for its Brazilian unit in order to help it deleverage and expand its businesses, according to a report by US News.
Direct sales company Rodan + Fields has announced a leadership shake-up, with the appointment of Laura Beitler as Chief Global Sales Officer (CGSO) and Elana Gold as Chief Marketing Officer (CMO).
Clariant acquires remaining 70 percent stake in Brazilian personal care company Beraca; takes over full ownership
Specialty chemicals company Clariant has increased its current 30 percent stake in Brazilian personal care company Beraca, purchasing the final 70 percent to take over full ownership.
Seed Beauty has filed for dismissal of the case it bought against KKW Beauty and Coty-owned Kylie Cosmetics, according to a report published by the Fashion Law.
Wonder Brands has announced that it has closed a US$20 million seed financing round. ALLVP and Mountain Nazca led, with CoVenture and Victory Park Capital joining.
Natura & Co has reported another quarter of double-digit revenue growth, up 31.7 percent at constant currency to reach R$9.5 billion in Q2 2021. All four brands recorded double digit growth.
Dow has announced that Natura is the first commercial collaborator for strategic sustainability initiative, Project Yba: Conservation that Transforms.
Natura &Co becomes founding member of free streaming platform WaterBear to focus on sustainability mission
atura &Co has entered into a multilevel brand partnership with free streaming platform WaterBear, which works on ensuring the future of the planet.
Mexican Actress Eiza González has been named as Bulgari’s first Latin American ambassador for the North American market.
Brazil retail sales continue to rise in May as consumers return post-pandemic; cosmetics reports a fall
Brazilian retail sales, excluding autos and construction, have continued to rise in May following a positive April, as consumers return following pandemic restrictions, according to a report by Reuters. However, the cosmetics and pharmaceutical sector reported a fall.
Avon has launched a fragrance it is claiming to be the world’s first to use ‘upcycled vanilla extract’.