Rising inflation hits Brazil’s personal care industry: profits slide at Natura and Hypermarcas
Rising inflation and unemployment has hit Brazil’s personal care industry as consumers pull back their spending on non-essential goods. Brazil’s leading cosmetics manufacturer, Natura, has announced a fall in second-quarter profit to the tune of 34 percent to BRL117...
Brazil’s Yes! Cosmetics to invest R$49 million to quadruple store count for a total of 220 by 2016
Brazilian beauty brand Yes! Cosmetics has revealed aggressive growth plans for the next year, according to a report in Brazil Beauty News. The company, which sells its products via a combination of direct sales, company-owned stores, kiosks and franchise outlets,...
Amcor Flexibles expands foothold in South African packaging market with US$94m acquisition of Nampak Flexible
Flexible packaging specialists Amcor Flexibles Europe, Middle East and Africa (AFEMEA) is strengthening its foothold in the South African market, having completed its acquisition of Nampak Flexible, the leading flexibles packaging company located in South Africa’s...
Bogota Mayor tempts foreign investors; updates App to help cosmetics manufacturers secure a foothold in the city
Colombian capital Bogota is launching a new version of its mobile device application (App) to help foreign cosmetics manufacturers looking to establish a foothold in the city. The App was developed by agency Invest in Bogota with the support of the Mayor’s Office. The...
Local currency weakness forces petrochemicals company Elementis to pull supply in Latin America
UK-based specialty chemical manufacturer Elementis has released a trading statement ahead of its interim results for the half year ending June 30 2015, which will be announced on July 28, 2015, indicating that sales in its personal care division has suffered at the...
Mexican personal care manufacturer Genomma Lab sells distribution unit Grupo Marzam for MXN1.35 billion
Mexican personal care manufacturer Genomma Lab has struck a deal to sell a controlling stake in its distribution unit Grupo Marzam to private equity fund Moench Coöperatief for MXN1.35 billion, to be paid in two lump sums – MXN1.05 billion at the close and the...
BelezaNaWeb secures US$30 million investment to take Brazil’s beauty market online
Brazilian online retailer BelezaNaWeb has secured a US$30 million Series C investment from an unnamed New York-based private equity firm, according to a report published in Tech Crunch. The money will enable the web-based outlet to take on its competitors – Sephora...
Colep cements position in Latin America, becomes sole shareholder of Brazilian packaging companies Provider, Total Pack and CPA
European aerosol and liquids manufacturer Colep has become the sole shareholder of three Brazilian manufacturing operations, after acquiring the 49 per cent stake previously held by ZM Participação. The packaging company first entered the Latin American personal care...
US firm ACON Investments gains foothold in South American packaging market via two major acquisitions
US private equity investment firm ACON Investments has completed acquisitions of Columbia-based rigid plastic personal care packaging manufacturer Intecplast and Pieriplast, a Peruvian supplier of customized packaging for the direct sales cosmetics industry....
L’Oreal acquires Brazilain hair care company, Niely Cosmeticos
L’Oréal announced today that it has finalized the acquisition of Brazil’s largest hair care and hair colouration company, Niely Cosmeticos. Niely Cosmeticos operates two main brands, Cor & Ton for hair colouration and Niely Gold for shampoo and hair care, both of...
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