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Cosmetic retail prices will be lifted as much as 12 percentage points above inflation this month due to higher taxes in Brazil.
Dinaco and Amyrise announced a reseller agreement for the Neossance cosmetic ingredients, where Dinaco will purchase and resell the products throughout Brazil.
Mary Kay Colombia operations open with an initial investment of $8 million.
Rhône Capital also has advised Elizabeth Arden that, subject to market conditions and applicable legal or regulatory approvals, it intends to increase its ownership of the company’s common stock over time.
Packaging suppliers TricorBraun and Vitro have expanded into India and Brazil, respectively, and Fusion Packaging, Aptar and Albée have collaborated on innovative new beauty pack launches.
See the Q4 and fiscal year end results for both The Estée Lauder Companies and Elizabeth Arden Inc., as well as results for Oriflame.
The beauty market is growing in countries throughout Latin American.
Euromonitor analyst Virginia Lee shares information on how the premium beauty brand L’Occitane built a wave of success as it entered the Brazilian market.
Organic sales grew 2%, including a two percentage point benefit from pricing. Shipment volume was in-line with prior year levels, but net sales were $20.2 billion, a decrease of 1% versus the prior year period.
The L’Orèal Luxe and active cosmetics divisions contribute growth to the multinational beauty company.