Latin America is an attractive and lucrative target market for global cosmetics companies looking to expand overseas. Multinationals have been quick to establish their brands in the region, given its heavily urbanised and increasingly prosperous population of 600 million, an economy of US$5.7trillion, and greater available credit.
Latin Americans turn to local brands
Due to the growth spurt, local companies have had fertile ground to develop and in some cases become world class competitors in their own right.
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Fragrance
L’Oréal finalises ‘significant’ €4 billion acquisition of Kering Beauté
Read moreThe French beauty giant has completed its deal to acquire Kering’s beauty division after securing approval from competition authorities, which includes exclusive 50-year beauty and fragrance licences for Bottega Veneta and Balenciaga
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Fragrance
L’Oréal finalises ‘significant’ €4 billion acquisition of Kering Beauté
The French beauty giant has completed its deal to acquire Kering’s beauty division after securing approval from competition authorities, which includes exclusive 50-year beauty and fragrance licences for Bottega Veneta and Balenciaga
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Finance
Analysis: Are we entering a new era of beauty megacorporations?
From L’Oréal acquiring Kering’s entire beauty division, to the potential merger between Estée Lauder Companies and Puig, are we entering a new era of beauty megacorporations? And is this concentration of beauty giants good or bad?
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