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

Brazil: Grupo Boticário strengthens its makeup business with the acquisition of Vult

The Boticário Group has announced the acquisition of Vult Cosmética, a Brazilian brand specializing colour cosmetic products. The financial details of the transaction have not been disclosed, but it will subject to prior approval by Brazil’s merger control authorities.

Vult has been present in the Brazilian market since 2004. The company sales its products in 35,000 points of sale throughout the country, mainly in multi-brand stores and pharmacies. “Vult will complement our portfolio and strengthen our multi-brand and multichannel business,” said Artur Grynbaum, Grupo Boticario’s chairman said in a release.

Murilo Reggiani and Daniela Cruz, Vult cofounders, will stay within the company to help it growing in the years to come.

While Natura, the other Brazilian cosmetics giant, has achieved a global reach with the purchase of The Body Shop from L’Oréal, Grupo Boticário is consolidating its national base. With acquisition, Grupo Boticário will become the second largest company in colour cosmetics in Brazil, with 15 per cent of market share, just after Avon but before Natura, according to Euromonitor International.

Grupo Boticário is the third largest company in colour cosmetics in Brazil and Vult is the sixth largest. With the acquisition, Grupo Boticário will reach the second position with 15 per cent of market share.

Grupo Boticário is the third largest company in colour cosmetics in Brazil and Vult is the sixth largest. With the acquisition, Grupo Boticário will reach the second position with 15 per cent of market share.

Vult has a good presence at beauty specialist retailers located in the Northeast of Brazil, a more challenging region for Boticário to sell more expensive colour cosmetics items under the Boticário brand,” said Elton Moritsumu, Senior Research Analyst at Euromonitor International. “The strategy adopted seems be quite similar to what L’Oréal did in 2014 when the French company acquired Niely: be present in segments and regions where the group was not that strong with more suitable brand.

Portfolio

© 2018 - Premium Beauty News - www.premiumbeautynews.com
latest news
Focus
MakeUp in newYork hosted more than 3800 visitors, with a growth of 12% of international guests.

MakeUp in New York moves to Javits Center to continue growing

The latest edition of MakeUp in NewYork was a huge success, announced the organisers. Held at the Center415 on 5th Avenue, in Manhattan, on September 11&12, 2019, the two-day B2B event dedicated to the makeup and skincare supply chain welcomed more than 3800 visitors, with a growth of 12% of international guests. Brazil, Canada, (...)

read more
job opportunities
Experts’ views
Victoria's Secret or the failure of a conservative positioning?

Laurence Bacilieri
Victoria’s Secret or the failure of a conservative positioning?

When the Victoria’s Secret show was cancelled it didn’t come as a surprise. In May, it was reported by The New York Times that the show would no longer be broadcast on network television. “We must evolve and change to grow. With that in mind, we have decided to re-think the traditional Victoria’s Secret Fashion Show". From 2001 to 2018, (...)

read more

Features

We use cookies to give you a better browsing experience. By continuing your visit to this site, you accept the use of cookies. Read more and set cookies
close