Chilean duty free contract opened to tender
Chile’s Ministry of Defence has invited interested parties to submit bids for its duty free stores at Santiago Arturo Merino Benitez Airport, according to a report published by the Moodie Davitt Report. The contract, which is managed and overseen by the government, is currently held by Dufry.
Brazil’s antitrust authority greenlights L’Oréal’s Aesop deal
Brazil’s competition watchdog has given L’Oréal the go-ahead to proceed with its acquisition of Aesop, according to a report published by Reuters.
Fable Investments ups stake in Perfumer H
Natura &Co may have agreed to sell its thriving fragrance brand, Aesop but it’s not closing the door on the category entirely; Fable Investments, the company’s venture capital fund, has upped its stake in Perfumer H, according to a report published by WWD. Financial terms of the deal were not disclosed.
Natura &Co Q1 2023: sales inch up 3.4 percent in CC; profit margin improves
Natura &Co has announced its results for the first quarter of fiscal 2023. In the three months ended March 31, 2023, the Brazilian beauty firm posted net revenue of BRL8 billion, a rise of 3.4 percent in constant currency (-2.8 percent in BRL). Gross margin was 67.7 percent, up 370 bps versus the prior-year period.
The wait is over: L’Oréal acquires Aesop
L’Oréal has announced that it has signed an agreement to acquire Aesop from Natura &Co. The proposed transaction values the Australian bath and body brand at an enterprise value of US$2.525 billion.
Natura &Co looks to cut executive pay by 32 percent as it aims to restore investor trust
Natura &Co is looking to cut executive pay by 32 percent as part of a company overhaul that aims to increase investor trust, according to Bloomberg.
We’re still exploring our options: Natura &Co remains coy as beauty bids for Aesop
Natura &Co is said to have received multiple non-binding offers for its popular Aesop brand, according to a report published by Reuters. The Brazilian behemoth emphasized that it was still reviewing various options for the luxury fragrance brand.
Natura &CO cites ‘resilient performance’ in Q4, sees net revenues down 11 percent
Natura &Co has reported a Q4 net loss of 890.4 million reais (US$169.7 million), with lower revenues reported across all business sectors.
Univar acquires ChemSol; expands presence in Central America
Univar Solutions has announced the acquisition of ChemSol Group. The ingredients and specialty distributor operates in Costa Rica, Guatemala, El Salvador, Panama and Honduras.
Unilever to invest US$400 million in Mexico
Unilever is planning to build a new plant in Mexico’s Nuevo Leon region, according to a report published by Reuters. The manufacturer of Dove is planning to invest some US$400 million in the Latin American country over the next three years.
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