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.
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.
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.
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’.
Argentina has published a draft regulatory framework for the development of the medical cannabis and industrial hemp industry, according to a report published by El Planteo.
Natura &Co has announced the launch of Fable Investments, a purpose-driven corporate investment vehicle designed to support high-growth, differentiated and innovative companies in the health and wellness space.
Natura &Co has announced a further quarter of double-digit revenue growth in the first three months of fiscal 2021. The Brazilian owner of Aesop, The Body Shop and Avon saw consolidated net revenue rise 25.8 percent in Brazilian Reais (+8.1 percent in constant currency).
Natura has raised $1 billion for what is said to be the first Latin American sustainability bond.