Puig Acquiring Majority Stake in Loto del Sur

Jul 27th, 2022

Jacquelyn Mueller, associate editor, Global Cosmetic Industry

Puig is acquiring a majority stake in Loto del Sur, a Columbian cosmetics brand.

Puig is acquiring a majority stake in Loto del Sur, a Colombian cosmetics brand.

Through the investment, Puig will boost the brand's leadership in the Latin American market and bolster its international growth, expanding its presence in Latin America.

Puig recently also acquired Byredo.

ParagonCorp: Where Beauty Meets Science

ParagonCorp: Where Beauty Meets Science

ParagonCorp succesfully held the 1st breakthrough event titled “Beauty Science Fest 2023” during last September as a bold commitment to provide high quality and accessible beauty products for consumers that strongly backed by science & latest technology.

“The integration of Lactobio into our Advanced Research is highly complementary: L’Oréal’s strong scientific knowledge and technological advancements coupled with Lactobio’s best-in-class formulations using living organisms will significantly strengthen and accelerate our microbiome research dedicated to beauty,” said Anne Colonna, global head of advanced research of L’Oréal Groupe. “In joining forces, we aim to develop a new generation of cosmetics that will use cutting-edge innovations in the formulation process to provide science-based, precision probiotic and postbiotic products with new performance levels.”

L’Oréal Acquires Lactobio to Boost Probiotic and Postbiotic Beauty

Anne Colonna of L’Oréal Groupe. “In joining forces, we aim to develop a new generation of cosmetics that will use cutting-edge innovations in the formulation process to provide science-based, precision probiotic and postbiotic products..."

This collaboration aims to turn gym sessions into a holistic wellness experience, allowing Crunch members to indulge in the rejuvenating ambiance of a spa without leaving the weights or treadmill behind.

Bliss Brings Best-Selling Products to Crunch Fitness Locations

Gym goers can pick up products including the Lemon & Sage Body Wash, Lotion, Shampoo and Conditioner.

THG Beauty purchased Biossance for $20 million.

Amyris Sells 4 Consumer Brands at Auction

Amyris filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware and then sough an approval for auctioning off its brands.

Kristof Neirynck will assume the role of CEO of Avon as of January 1, 2024, succeeding Angela Cretu, who has been with the company for 25 years and will continue as an adviser for the organization.

Avon Appoints New CEO

Neirynck previously served as CMO for global brands at Walgreens Boots Alliance and spent 13 years at P&G.

The Responsible Beauty Award, sponsored by Givaudan, was awarded to Chloé – Rose Naturelle Intense Eau de Parfum.

CEW UK Announces 2023 Beauty Awards Winners

The Amazon Beauty Most Loved Award, a new category for 2023, was awarded to Olaplex- Hair Perfector No.3 Repairing Treatment.

Pharmavite LLC, parent of Nature Made vitamins, has acquired Bonafide Health, a specialist in menopausal and sexual health/wellness.

Pharmavite Boosts Menopausal & Sexual Wellness with Bonafide Health Acquisition

Bonafide will continue to operate out of its current headquarters in Harrison, New York with no workforce cuts.

L’Occitane First Half 2024 Sales Exceed €1 Billion

Sol de Janeiro sales heavily contributed to the group’s profit.

Coty CEO Sue Nabi shares, 'Aligned with our broader sustainability goals across product, planet and people, our expanded gender-neutral parental leave policy underscores our holistic approach to sustainability for long-term success. It is a point of pride for all of us at Coty.'

Coty Announces Gender-neutral Parental Leave Policy Expansion in 2023 Sustainability Report

The policy sets a global minimum of 14 fully paid weeks for all employees, regardless of gender.

Mav Beauty Brands, home to brands like Marc Anthony True Professional, Renpure, Cake Beauty and The Mane Choice (pictured), has obtained the approval of the Ontario Superior Court of Justice for the sale of substantially all of its assets and subsidiaries to an affiliate of LA-based Nexus Capital Management LP.

Nexus Capital Acquires Mav Beauty Brands

Concurrent with the new agreement, trading of the company's common shares on the Toronto Stock Exchange has halted; its common shares will be delisted on December 21, 2023.

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