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...
Pace of consumer spending in Brazil reaches 12 year low
Consumer spending in Brazil has hit its lowest level for 12 years amid a climate of rising unemployment, high interest rates and corruption scandals. Government data shows that in 2014, consumer spending rose by 0.9%, it’s worse growth rate since the 0.7% contraction...
Natura ignores government pleas to invest in country’s economic growth
Brazil’s largest manufacturer of cosmetics, Natura, has ignored pleas from President Dilma Rousseff to provide corporate investment to help the Brazilian government jump-start economic growth. President Dilma Rousseff, whose approval rating is the lowest of any...
Brazilian cosmetics firm Natura lays off 1 percent of work force
Brazilian cosmetics firm Natura announced on Wednesday that it is was laying off 70 of its workers. The redundancies represent just under 1 percent of the firm's 7,000 employees in Brazil. The redundancies are a response to the slow-down of the economy and a drop in...
Sonoco acquires controlling stake in Brazil-based flexible packaging company Graffo
US global packaging manufacturer Sonoco has acquired a two-thirds stake in Brazil-based flexible packaging company Graffo. The transaction, which is expected to close in the second quarter of 2015, gives Sonoco a majority interest in Graffo and will enable Sonoco to...
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