By  on August 2, 2013

NEW YORK — The lid is about to be blown off the simmering Brazilian beauty market. And a group of beauty veterans plan to be at the center of the boom.

Last week, Brasil Beauté — led by Paul Block, a former chairman and president of Revlon International; Renaud Dutreil, former chairman of LVMH America, and Joe Lago, former partner of the fashion brand Ellus — took over ownership of the Agua de Cheiro personal care chain from Henrique Pinto, owner of the Globalbras Group. Pinto rolled a minority interest of his holdings into the new company. Further terms of the deal were not disclosed. Currently, the 800-unit chain stocks its proprietary brands in stores averaging 350 square feet.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus