Post by account_disabled on Feb 21, 2024 22:39:21 GMT -5
Execution of the competitive strategy, he noted. Another of the Latin companies that have remained active in this field of M&A is the Brazilian firm Natura (NTCO), manufacturer and marketer of beauty and personal care products, which relaunched its brand in the US market in 2019 and currently operates on platforms such as e-commerce , marketplace and local alliances. In 2020, the Brazilian company concluded the acquisition of Avon Products, Inc, founded in New York in 1886, establishing with this transaction what was at the time the fourth largest exclusive beauty products company in the world.
At the beginning of 2023, Natura sold its luxury cosmetics brand Aesop to L'Oréal for US$2,525 million and in November the Brazilian firm did the same with Switzerland Mobile Number List The Body Shop in an agreement with Aurelius for US$254 million , given the need for company to reduce its costs after the pandemic. An employee helps a customer view makeup on display at a Natura Cosmeticos SA store inside Santos Dumont Airport (SDU) in Rio de Janeiro, Brazil, Monday, June 25, 2017. dfd Natura An employee helps a customer view makeup on display at a Natura Cosmeticos SA store inside Santos Dumont Airport (SDU) in Rio de Janeiro, Brazil, on Monday, June .
Bloomberg/Dado Galdieri) The Brazilian company recorded profits of 7 billion reais (about US$1,424 million today) in the third quarter of last year, overcoming a loss of 560 million reais a year earlier. Asked about its operation in the US market and its recent strategy changes, the company stated that its current portfolio focuses on categories and products “that align with the habits of consumers in the geography, thus reflecting their journey. of consumption.
In the field of technology there are cases such as Globant , an Argentine software engineering and information technology company, in which case North America represents 59% of its total revenues (US$1.7 billion in 2022) , while Latin America represents 22%. Ignacio Iglesias, Business Director for LatAm at Globant, a company that currently offers technology services to firms such as Disney, LA Clippers, FIFA and Electronic Arts, told Bloomberg Línea that Latin American companies in the sector face various challenges when crossing the border. in search of expansion, one of the main ones being the acquisition of talent.
At the beginning of 2023, Natura sold its luxury cosmetics brand Aesop to L'Oréal for US$2,525 million and in November the Brazilian firm did the same with Switzerland Mobile Number List The Body Shop in an agreement with Aurelius for US$254 million , given the need for company to reduce its costs after the pandemic. An employee helps a customer view makeup on display at a Natura Cosmeticos SA store inside Santos Dumont Airport (SDU) in Rio de Janeiro, Brazil, Monday, June 25, 2017. dfd Natura An employee helps a customer view makeup on display at a Natura Cosmeticos SA store inside Santos Dumont Airport (SDU) in Rio de Janeiro, Brazil, on Monday, June .
Bloomberg/Dado Galdieri) The Brazilian company recorded profits of 7 billion reais (about US$1,424 million today) in the third quarter of last year, overcoming a loss of 560 million reais a year earlier. Asked about its operation in the US market and its recent strategy changes, the company stated that its current portfolio focuses on categories and products “that align with the habits of consumers in the geography, thus reflecting their journey. of consumption.
In the field of technology there are cases such as Globant , an Argentine software engineering and information technology company, in which case North America represents 59% of its total revenues (US$1.7 billion in 2022) , while Latin America represents 22%. Ignacio Iglesias, Business Director for LatAm at Globant, a company that currently offers technology services to firms such as Disney, LA Clippers, FIFA and Electronic Arts, told Bloomberg Línea that Latin American companies in the sector face various challenges when crossing the border. in search of expansion, one of the main ones being the acquisition of talent.