Grupo Boticário said on Monday it had agreed to buy e-commerce platform Beleza na Web for undisclosed amount, as part of plans to strengthen its online presence while competition intensifies in the beauty business.
Avon products Inc missed estimates for quarterly revenue on Thursday as it had fewer representatives to sell its products in some of its main markets, with Europe, Middle East and Africa seeing the worst dip in sales.
The company will now pledge to limit its contribution to global temperature rise to 1.5 degrees celsius (2.7 degrees fahrenheit) above pre-industrial levels and reaching net-zero emissions by no later than 2050.
The biggest beauty names are in a race to snap up the most dynamic brands globally and Anglo-Dutch consumer-products giant Unilever is one of the most active names, its latest big buy being J-Beauty brand Tatcha.
Brazilian cosmetics firm Natura expects to boost revenues by investing in brand and digital capabilities after sealing a deal to merge with Avon Products and control 76% of the new company, executives said on Thursday.
Brazil cosmetics company Natura intends to invest up to $5 million in new brands in beauty and wellness segments in Europe and the United States through venture capital funds, executives said on Friday.