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Legislative Changes in Ecuador Impact Beauty Imports
By: Cristina Kroll
Posted: September 3, 2009, from the September 2009 issue of GCI Magazine.
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In addition, in 2008, Rouge launched a spa/restaurant location in the Galerías Pacífico shopping center as part of a strategy to attract consumers with higher-spending powers and capture a larger portion of the luxury market. And in fact, the continued growth of the company may validate the gambit.
Genomma Purchases Men’s Line
Mexico-based Genomma Lab acquired the male personal care brand Jockey Club for $3.1 million. In the short term, the move is part of a strategy to increase the company’s market share of the hair care, talcum powder and fragrance categories. Longer term, the company plans further development of the brand, including repositioning. Jockey Club’s 2008 net sales totaled $2.4 million.
Cristina Kroll is a business journalist specializing in the beauty sector and living in Buenos Aires, Argentina. She has written for the main Argentine magazines related to the beauty business, and was a correspondent for French magazine Beauty Business News.