De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
Sao Paulo, Brazil
Global Markets
Luxury Brands Face Uncertain Future in Latin America
New free trade agreements could help boost the regional luxury market, but will they be enough to shield it from Covid-19 losses or be too controversial to benefit big markets like Brazil and Mexico?
Luxury Brands Face Uncertain Future in Latin America
New free trade agreements could help boost the regional luxury market, but will they be enough to shield it from Covid-19 losses or be too controversial to benefit big markets like Brazil and Mexico?
Beauty
Natura Sees E-Commerce Growth Amid Coronavirus Crisis
The Aesop and The Body Shop owner has promised to keep its 40,000 workers in employment for at least two months.
Natura Sees E-Commerce Growth Amid Coronavirus Crisis
The Aesop and The Body Shop owner has promised to keep its 40,000 workers in employment for at least two months.
Beauty
Boticario Eyes Cosmetics Acquisitions at Home and Abroad
The Brazilian cosmetics company, a major rival to Natura & Co, is set to increase investment from 2019 totals as competition intensifies.
Boticario Eyes Cosmetics Acquisitions at Home and Abroad
The Brazilian cosmetics company, a major rival to Natura & Co, is set to increase investment from 2019 totals as competition intensifies.
Beauty
Body Shop Owner Urges Brazil to Protect Amazon After Fires Hit Suppliers
Natura, which also owns Aesop, has invested 1.5 billion reais ($357 million) in the rainforest to help preserve 1.8 million hectares of the ecosystem.
Body Shop Owner Urges Brazil to Protect Amazon After Fires Hit Suppliers
Natura, which also owns Aesop, has invested 1.5 billion reais ($357 million) in the rainforest to help preserve 1.8 million hectares of the ecosystem.
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China
The Body Shop Owner Eyes China Following Hong Kong Protests
Natura, which also owns Aesop, aims to find a way of increasing its China presence without testing its products on animals.
The Body Shop Owner Eyes China Following Hong Kong Protests
Natura, which also owns Aesop, aims to find a way of increasing its China presence without testing its products on animals.
Financial Markets
Fast Fashion Retailer C&A May Raise up to $540 Million in Brazil IPO
C&A intends to raise funds to pay down $190 million in intercompany loans and to expand the business.
Fast Fashion Retailer C&A May Raise up to $540 Million in Brazil IPO
C&A intends to raise funds to pay down $190 million in intercompany loans and to expand the business.
Financial Markets
Fashion Retailer C&A Files to Begin IPO Process in Brazil
One of the biggest clothing retailers in Brazil, has started procedures for an initial public offering (IPO) on the country's B3 stock exchange.
Fashion Retailer C&A Files to Begin IPO Process in Brazil
One of the biggest clothing retailers in Brazil, has started procedures for an initial public offering (IPO) on the country's B3 stock exchange.
Global Markets
Amazon Brings Prime Program to Brazil to Outflank Local Rivals
The service will offer free unlimited shipping for about 500,000 products out of the 20 million Amazon currently sells in Brazil, and two day-shipping will be available in 90 cities.
Amazon Brings Prime Program to Brazil to Outflank Local Rivals
The service will offer free unlimited shipping for about 500,000 products out of the 20 million Amazon currently sells in Brazil, and two day-shipping will be available in 90 cities.
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Beauty
Natura Q2 Profit More Than Doubles, Beating Estimates
The Brazilian cosmetics group, which counts Aesop and The Body Shop among its brands, posted net revenue of 3.4 billion reais, up 9.8 percent from the previous year.
Natura Q2 Profit More Than Doubles, Beating Estimates
The Brazilian cosmetics group, which counts Aesop and The Body Shop among its brands, posted net revenue of 3.4 billion reais, up 9.8 percent from the previous year.
News & Analysis
Brazil's Fashion Retailer Lojas Renner Sales Drop in Q2 Net Income
The Brazilian company reported a quarterly net profit slump by 14.4 percent year-on-year in it's second quarter.
Brazil's Fashion Retailer Lojas Renner Sales Drop in Q2 Net Income
The Brazilian company reported a quarterly net profit slump by 14.4 percent year-on-year in it's second quarter.
Beauty
Natura to Buy Avon for About $2 Billion in Stock
The transaction, valued at $3.7 billion, will position the Brazilian cosmetics company as a growing force in the booming global cosmetics and skincare industry.
Natura to Buy Avon for About $2 Billion in Stock
The transaction, valued at $3.7 billion, will position the Brazilian cosmetics company as a growing force in the booming global cosmetics and skincare industry.
Beauty
Brazil's Natura to Invest in New Brands
The cosmetics company intends to invest in new brands in beauty and wellness segments in Europe and the United States through venture capital funds.
Brazil's Natura to Invest in New Brands
The cosmetics company intends to invest in new brands in beauty and wellness segments in Europe and the United States through venture capital funds.
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.