India's Godrej takes ownership of Chile's Cosmetica Nacional

Published: 30-Jul-2015

The consumer goods giant is being driven by a 'three-by-three' expansion strategy

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Indian consumer goods giant Godrej Consumer Products, whose offering includes soap, hair colourants and toiletries, has tightened its grip on Chilean hair colour and cosmetics company Cosmetica Nacional, snapping up 100% control with a new 40% additional stake.

Godrej did not respond to a Cosmetics Business’ request for comment, however India-based Deepanshu Mandlekar, a retail analyst from Planet Retail, confirmed the Godrej Chilean move was significant.

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