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.
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.
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.
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