Galderma to Acquire ZO Skin Health for $1.5 Billion
The Swiss firm agreed to purchase the medical-grade skincare company from private equity firm Blackstone and the founding Obagi family to expand its US portfolio.
Sao Paulo, Brazil
Global Markets
Luxury Brands Face Uncertain Future in Latin America
New free trade agreements could help boost the regional luxury market, but will they be enough to shield it from Covid-19 losses or be too controversial to benefit big markets like Brazil and Mexico?
Beauty
Natura Sees E-Commerce Growth Amid Coronavirus Crisis
The Aesop and The Body Shop owner has promised to keep its 40,000 workers in employment for at least two months.
Beauty
Boticario Eyes Cosmetics Acquisitions at Home and Abroad
The Brazilian cosmetics company, a major rival to Natura & Co, is set to increase investment from 2019 totals as competition intensifies.
Beauty
Body Shop Owner Urges Brazil to Protect Amazon After Fires Hit Suppliers
Natura, which also owns Aesop, has invested 1.5 billion reais ($357 million) in the rainforest to help preserve 1.8 million hectares of the ecosystem.
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China
The Body Shop Owner Eyes China Following Hong Kong Protests
Natura, which also owns Aesop, aims to find a way of increasing its China presence without testing its products on animals.
Financial Markets
Fast Fashion Retailer C&A May Raise up to $540 Million in Brazil IPO
C&A intends to raise funds to pay down $190 million in intercompany loans and to expand the business.
Financial Markets
Fashion Retailer C&A Files to Begin IPO Process in Brazil
One of the biggest clothing retailers in Brazil, has started procedures for an initial public offering (IPO) on the country's B3 stock exchange.
Global Markets
Amazon Brings Prime Program to Brazil to Outflank Local Rivals
The service will offer free unlimited shipping for about 500,000 products out of the 20 million Amazon currently sells in Brazil, and two day-shipping will be available in 90 cities.
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Beauty
Natura Q2 Profit More Than Doubles, Beating Estimates
The Brazilian cosmetics group, which counts Aesop and The Body Shop among its brands, posted net revenue of 3.4 billion reais, up 9.8 percent from the previous year.
News & Analysis
Brazil's Fashion Retailer Lojas Renner Sales Drop in Q2 Net Income
The Brazilian company reported a quarterly net profit slump by 14.4 percent year-on-year in it's second quarter.
Beauty
Natura to Buy Avon for About $2 Billion in Stock
The transaction, valued at $3.7 billion, will position the Brazilian cosmetics company as a growing force in the booming global cosmetics and skincare industry.
Beauty
Brazil's Natura to Invest in New Brands
The cosmetics company intends to invest in new brands in beauty and wellness segments in Europe and the United States through venture capital funds.
The News in Brief
Report: Beauty Ingredients Among Highest Risk for Human Rights Abuses
A new analysis of eight widely used cosmetics ingredients by Verisk Maplecroft found widespread exposure to child and forced labour risks, with palm oil, cocoa and shea nuts among the most problematic commodities.
Joe Corré’s Light House Club Launches Pop-Up Spaces for Emerging Designers
Independent creatives can apply to utilise pop-up spaces at Light House to sell merchandise and meet with clientele.
Givaudan Sales Beat Expectations on Fine Fragrance Strength
A surge in sales of scents for luxury perfumes and a continued recovery in flavours drove the Swiss firm’s organic sales growth clearly beyond market expectations in the third quarter, lifting its shares on Tuesday.
Mike Ashley’s Frasers Boosts Position in Burberry
Frasers Group Plc now possesses over 7 percent of the British label’s voting rights, placing it on track to be the brand’s biggest investor.
Isamaya Ffrench Has Departed Namesake Brand
The makeup artist has not been involved with Isamaya Beauty for over a year, sources told The Business of Beauty.
Shein Outsells British Rival Asos as UK Revenue Hits $3.41 Billion
The ultra-fast fashion company said sales had been bolstered by marketing partnerships with music festivals, a pop-up shop on London’s Oxford Street and local Christmas gift events.
Nike, Patagonia and Lululemon Join Group Battling Microfibre Pollution
Global environmental non-profit The Nature Conservancy has launched a new industry coalition to help apparel companies tackle microfibre pollution across their supply chains.