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

Puig negotiating to take stake in Brazil’s Granado

Spanish fashion and fragrance firm Puig SA (owner of the Carolina Herrera, Nina Ricci and Jean Paul Gaultier brands) would be in advanced talks to buy a minority stake in Grupo Granado SA, a Brazilian manufacturer and retailer of high-end beauty care goods (under the Granado and Phebo brand names), revealed Reuters today, mentioning “four sources with knowledge of the matter”.

According to Reuters, Puig could pay about 1 billion reais (US$ 306 million) for a stake of up to 30 percent in Granado.

This participation could help Granado to develop its business overseas. Granado, which sells its products at Le Bon Marché department store in Paris, opened a subsidiary in France in September 2013, and has also gradually appeared in a few points-of-sale elsewhere in France.

The Rio de Janeiro-based company was acquired in 1998 by British investor Christopher Freeman, and successfully relaunched in 2004. Since then, it has maintained a 20% growth rate per year, while having enjoyed a special place in the hearts of all Brazilians for 145 years.

Both parties are working to announce a deal within days, said Reuters.

Portfolio

© 2016 - Brazil Beauty News - www.brazilbeautynews.com

latest news
Focus
Édition Spéciale by Luxe Pack unveils its program

Édition Spéciale by Luxe Pack unveils its program

Édition Spéciale by Luxe Pack, the first exhibition dedicated to environmental-friendly packaging solutions, will be held on June 4 and 5, 2019 at the Carreau du Temple in Paris, France, during the European Sustainable Development Week. With two months left until the event, the organizers have unveiled the main features of the (...)

read more
Experts’ views
Radiant skin first thing in the morning

Lipotec - Lubrizol
Radiant skin first thing in the morning

The empowerment of women has made them aware that their freedom has no limits and that they can go as far as they want. They don’t feel like super women capable of doing everything perfectly, they claim imperfection and they elect what to do with their time. Today’s women choose to make the most of their life, without missing any (...)

read more

Features