Natura scoops up The Body Shop for €1 billion
L’Oréal is set to sell The Body Shop to Natura for €1 billion, according to a report published by Market Watch. The French beauty behemoth chose the Brazilian naturals company as the winning bidder in the auction for the ethical cosmetics firm on Friday and expects...
Avon puts Brazilian consumer data at risk in major security breach
Researchers from MacKeeper’s Security Research Centre have discovered that Avon left some 620,000 Brazil-based records exposed on the internet for months, opening up the potential for cybercrime. A database with 4.2GB of data that was left without password protection...
Columbia peace deal to create potential business for cosmetics market through untapped jungle areas
An imminent peace deal between the Columbian government and The Revolutionary Armed Forces of Colombia – People's Army (FARC) is said to allow access to areas of the jungle formerly deemed too dangerous for research and as a result create business opportunities for...
Healthy competition? Henkel demands antitrust review of Coty’s Hypermarcas purchase
Henkel has filed a request with Brazil’s competition authority (Cade) to review its decision to approve Coty’s takeover of Hypermarcas’ beauty care unit with no conditions. Henkel’s challenge claims that the antitrust regulatory body failed to consider the combined...
Argentinian Senator proposes bill to end animal testing for cosmetics; Brazil bill close to becoming law
Senator for the Rio Negro province, Magdalena Odarda, has introduced a bill that, if passed, would end animal testing for cosmetic ingredients in Argentina. The bill proposes a two-year phase-in, after which the sale of new cosmetics tested on animals would be...
New industrial tax on cosmetics wholesalers in Brazil likely to push up retail price of products
A new industrial tax on cosmetics wholesalers and producers is due to come into effect in Brazil this month is likely to drive up the retail price of make-up, perfume and personal care products. Trade association Abihpec has warned that retail prices are likely to...
Brazilian government relaxes regulations on R&D into biodiversity
Personal care companies seeking to invest in research and development into natural ingredients in Brazil will now be able to do so more freely thanks to new government regulations. On May 20, the Brazilian government adopted a new legal framework for...
Brazil speeds up cosmetics approval system
Brazil has loosened regulations affecting the cosmetics industry, meaning that products can be placed on the market without government approval. The government’s National Health Surveillance Agency (Anvisa) has divided cosmetics products into two categories according...
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