L’Occitane debuts at Guyana’s Glamour Beauty
Glamour Beauty has announced the launch of L’Occitane in its stores. The French natural brand will join the likes of Dior, Bath and Body Works and Paco Rabanne at the Guyanese retailer.
Eurofins snaps up Labormar
The Eurofins network of companies has announced the acquisition of Labormar for an undisclosed sum. The Colombian-based testing firm will be known as Eurofins Labormar going forward and is Eurofins’ second laboratory in Colombia.
Natura &Co launches corporate venture capital fund
Natura &Co has announced the launch of a corporate venture capital fund, dubbed Natura Ventures. The fund will be jointly managed by the Brazilian cosmetics manufacturer and impact investment firm, Vox Capital.
Natura &Co Q1 2024: net sales up 11 percent and profitability up driven by ‘solid’ Latam results
Natura &Co has reported its results for the first quarter of fiscal 2024. The Brazilian cosmetics maker saw sales rise 11 percent in constant currency (-5.7 yoy in BRL) to BRL6.1 billion. The Latam division put on 3.1 percent in CC; Natura Brazil was named as the highlight.
Wella partners with ID Logistics
ID Logistics has announced a new partnership with Wella Company. The contract logistics firm will lead logistics activities for the hair care brand in Brazil with a new national distribution center.
MercadoLibre Announces Record Investment in Brazil
MercadoLibre plans to invest a record 23 billion reais (US$4.6 billion) in Brazil in 2024, marking a 21.1% increase from 2023.
Ulta announces plans to launch in Mexico next year
Ulta Beauty has announced plans to launch onto the Mexican market next year. The US beauty chain has entered into a Joint Venture with Axo in order to facilitate its international expansion.
Natura &Co FY2023: revenue drops 8.5 percent yoy
Natura &Co has announced its results for the 2023 financial year. The Brazilian owner of Avon saw revenue drop 8.5 percent year-on-year in Brazilian Reais to BRL26.7 billion, although in constant currency, consolidated net revenue rose 3.5 percent versus 2022.
P&G poaches PepsiCo CIO as Cretella retires
Procter & Gamble has announced that Chief Information Officer, Vittorio Cretella is due to retire in July. The company has named Seth Cohen as his replacement.
Belcorp embraces AI to streamline operations
Belcorp has deployed a Spanish-language chatbot named Jessica on What’sApp to help its sales force access key company information, complete training courses and stay abreast of offers, and is now expanding its use of AI across multiple business processes.
Fair Trade Suppliers Face Uncertainty as The Body Shop Enters Administration
The Body Shop’s fairtrade suppliers, working with communities from the Amazon to Africa, are left with over US$1 million in potentially unpaid and unordered beauty ingredients due to the company’s UK arm entering administration.
Natura &Co mulls splitting its Latam division and Avon into two companies
Natura &Co has announced that it is assessing a possible separation of Natura &Co Latam and Avon into two independent listed companies. Each entity would be publicly traded and have its own business plans, governance, and management teams.
Natura &Co Ends NYSE Listing
Natura &Co has announced its plan to terminate its secondary listing of American Depositary Shares (ADSs) on the New York Stock Exchange (NYSE) while keeping its primary listing of common shares on the B3 stock exchange in São Paulo.
Avon Halts Russian Business Sale
According to a report in the Kommersant daily, Natura & Co-owned Avon has suspended plans to sell its business in Russia.
L’Occitane gears up for Sol de Janeiro travel retail push with brand awareness campaign
L’Occitane’s Group Travel Retail unit has announced the launch of a second wave of its global OOH brand awareness campaign at international airports for its Sol de Janeiro brand.
Innospec acquires QGP Quimica
Innospec has announced that it has acquired QGP Quimica. Financial terms of the deal were not disclosed.
Claire’s opens Mexico City flagship
Claire’s has entered the Mexican market, cutting the ribbon on a 1,227 square foot flagship store in Mexico City. The new location will stock the brand’s jewelry, hair accessories, cosmetics and tech ranges.
Backpeddling: Will Natura &Co sell Avon International next?
Natura &Co is rumored to be weighing the possibility of offloading its Avon International unit. The Brazilian beauty giant, which has already sold Aesop to L’Oreal and struck a deal for The Body Shop in the last year, is said to be keen to focus on its home market.
Avon Announces New Leadership Transition
Natura &Co announced that Kristof Neirynck, the Global Chief Marketing Officer and Managing Director for Western Europe, will succeed Angela Cretu as the new CEO of Avon.
Haut.AI Secures Funding for AI-Driven Skincare
Haut.AI, a European company at the forefront of generative AI in the beauty and skincare industry, has raised €2 million in seed funding from LongeVC and the venture capital arm of Grupo Boticário shareholders.
Natura &Co Q3: Revenue dips 0.7 percent, profit margins continue to improve
Natura &Co has continued to improve its profit margins in the third quarter of the current financial year, while deleveraging its balance sheet courtesy of the sale of Aesop, which completed on August 30, 2023.
L’Oreal Brazil to fuel fleet with biomethane; signs supply agreement with Gas Verde
L’Oreal Brazil has signed a supply agreement with Gas Verde. The French beauty giant will buy 3.6m3 of biomethane from the energy firm to fuel its entire fleet of lorries.
Aurelius Poised for The Body Shop Takeover
Aurelius Group, the private equity investor that owns Footasylum, is currently in exclusive negotiations to acquire The Body Shop.
Orlando Capital Joins The Body Shop Bidding
Orlando Capital has entered the bidding process for The Body Shop, which was put up for sale by its parent company Natura &Co in September due to financial challenges.
Aurelius Group rumored to be in the running to buy The Body Shop
Aurelius Group has been named as the latest suitor for Natura &Co’s The Body Shop. The Brazilian beauty behemoth is said to be working with Morgan Stanley on a potential sale and could reach a provisional agreement with one of the interested parties by the end of the month.
MAC names Danna Paola as Global Brand Ambassador
MAC has named Danna Paola as its latest Global Brand Ambassador. The Estee Lauder Companies-owned brand said that the pop star’s make-up style reflected its brand values.
Natura &Co extends early tender offer deadline
Natura &Co has announced an extension of the early tender date / consent deadline of its previously announced independent offers to purchase for cash up to US$550,000,000 of its outstanding sustainability-linked notes, due 2028 and up to US$330,000,000 of its remaining 6 percent senior notes, due 2029.
Waterstones owner rumored to be in the running for The Body Shop
The owner of Barnes & Noble and Waterstones, Elliott Advisors is said to have submitted a bid for Natura &Co’s The Body Shop.
AmorePacific’s Laneige lands in Mexico
AmorePacific has entered the Mexican market. The K-beauty behemoth made its debut with its Laneige brand via Sephora Mexico’s website and will hit shelves in 36 of Sephora Mexico’s bricks and mortar stores later this month.
Natura & Co announces tender offers for sustainability-linked notes
Natura & Co has announced that it has commenced two tender offers for up to US$550,000,000 of its outstanding sustainability-linked notes, due 2028 and up to US$330,000,000 of its remaining 6 percent senior notes, due 2029.
Natura &Co to sell The Body Shop?
Natura &Co is said to be considering a sale of The Body Shop. The Brazilian beauty behemoth’s Board has greenlit a search for ‘strategic alternatives’ for the brand, including a potential sale.
Natura &Co Q2: loss narrows as revenue inches up 2 percent
Natura &Co has reported its results for the second quarter of the current financial year. The owner of The Body Shop and Avon saw net revenue rise 1.9 percent versus the prior-year period in constant currency, reaching R7.8 billion.
From Paris to São Paulo: Lancôme Dips Its Toes in Brazil’s Spa Waters
L’Oréal-owned Lancôme has established a new hotel spa in São Paulo, marking its debut in the Latin American spa market.
H&M Announces Expansion into Brazil by 2025
Fashion retailer H&M has revealed plans to expand its presence into Brazil by 2025, encompassing physical stores and an online platform
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.
Beleza C&A teams up with Chupa Chups to launch new range of bath and body products
The beauty division of C&A Brazil, Beleza C&A, has teamed up with Perfetti Van Melle. candy lifestyle brand Chupa Chups to launch a new range of bath and body products, according to a report by License Global.
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.
Humane Society International welcomes Brazil’s animal testing ban
The Humane Society International has praised regulators for South America’s largest beauty market for ushering in a partial ban on animal testing for cosmetics. Brazil’s National Council for the Control of Animal Experimentation has outlawed animal testing for beauty ingredients with ‘known effects’ and provided for alternative testing methods for ‘unknown ingredients’.
Japanese investment firm Mitsui & Co invests in Kao’s Brazilian subsidiary
Japanese investment firm Mitsui & Co is set to invest in Kao’s Brazilian subsidiary, with a view to expand the skincare business in the country.
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.
L’Oréal, LVMH and Shiseido vie for stake in Aesop
LVMH, Shiseido and L’Oréal are all hoping to secure a stake in Aesop if Natura &Co decides to sell a slice, according to a report published by Bloomberg. The Australian luxury bath and fragrance brand is valued at an impressive US$2 billion.
Natura &Co CEO: we want purpose and profitability
Natura &Co’s CEO, Fabio Barbosa has announced that the company will be restructuring and revaluating its business model following a disappointing set of results, with revenues down 9 percent in the most recent quarter, according to a report published by The Financial Times.
Unilever factories in China and Brazil awarded Lighthouse status
Two of Unilever’s production facilities have been awarded Lighthouse statues by the World Economic Forum. The award recognises the factories’ use of technology to enhance productivity and efficiency as well as their environmental credentials.
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