Follow us twitter facebook
Edition: Brazil
Click here to subscribe toour free weekly newsletter click here
Industry buzz

Cosmetic sales fall by 6.7% in Brazil from January to September 2015

A survey carried out by the Brazilian Association of the Cosmetic, Toiletry and Fragrance Industry (ABIHPEC) shows that sales fell by 6.7% in real terms between January and September 2015 compared with the same period last year.

The slump, which represents the industry’s first fall in 23 years, is the result of factors such as the political and economic instability that is affecting Brazil, the government decision at the beginning of this year to start levying the Manufactured Products Tax (IPI) on cosmetic distributors, the decline in consumer purchasing power and the water crisis, which has had an impact on sales of personal care products.

The employment rate remained stable in the first five months of the year. However, the fall in revenues caused by the higher tax burden with the IPI move and the increases foreseen in the Tax on Circulation of Goods and Services in 2016 have led to a fall in direct employment from June this year, resulting in a decline of 4.1% in September over the same period of 2014.

ABIHPEC pointed out that there were rises in direct employment in 2011 (8.3%), 2012 (1.6%), 2013 (2.6%) and 2014 (2.2%).

© 2015 - Brazil Beauty News - www.brazilbeautynews.com

latest news
Focus
Centdegrés designs Eudora's new eau de parfum: Impression

Centdegrés designs Eudora’s new eau de parfum: Impression

Impression, the latest men’s fragrance by Eudora, aims sophisticated consumers with woody and amber notes based on cistus labdanum, musk and patchouli. The Boticario Group brand has entrusted Centdegrés for the bottle design. The agency took inspiration from an hourglass symbolizing time and the importance to take advantage of (...)

read more
Experts’ views
Dr Dennis Gross: Dedicated to leading the US advanced skincare market

Emmanuelle Bassmann
Dr Dennis Gross: Dedicated to leading the US advanced skincare market

What is the new face of Doctor Brands? What is the strategy of leading skincare brands launched by Medical Doctors or medical-oriented? After an overview of Skinceuticals’ values and strategy let’s now focus on Dr Dennis Gross. Dr Dennis Gross skincare line formed in 2002, was inspired by the skincare concerns of patients at his NYC (...)

read more

Features