Regions Sponsored by
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.
For the second quarter of 2014, Avon saw total revenue of $2.2 billion, decreased 13%, or 3% in constant dollars, and beauty sales declined 13%, or 3% in constant dollars.
The company saw net sales of ¥168.3 billion, a 3.7% increase from the same time period for the previous year. Operating income was down 80.2% to ¥1.3 billion, while ordinary income was ¥1.4 billion (-80.9%).