Puig has taken a majority stake in Loto del Sur, Colombia’s leading natural cosmetics brand.
Financial terms of the deal were not disclosed.
The family-owned Spanish beauty and fashion house had purchased a minority stake in the company in March 2019. said in a statement Wednesday that Loto del Sur, which has a range of natural products made from Latin American flora, has large growth potential.Loto del Sur’s founder Johana Sanint will continue steering the Bogota-based brand. Puig said no changes are expected to be made to the company’s business model, which is built on its own retail network.
Puig said it remains committed to boosting Loto del Sur’s leadership in Latin America and bolstering its international growth. The brand will be launched in Spain, with the opening of a store in Madrid, and in North America, with a door in Miami. Loto del Sur’s reach in Latin America will broaden, beginning with countries such as Mexico and Chile.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Enjoy Life Natural Brands expands recall due to presence of plasticEnjoy Life Natural Brands is expanding its voluntary recall of baked goods due to the potential presence of hard plastic pieces.
Leer más »
Newen Studios Acquires Majority Stake In ‘Icarus’ & ‘All That Breathes’ Producer Rise Films To Expand UK FootprintEXCLUSIVE: Acquisitive French media giant Newen Studios has expanded its UK footprint with the purchase of a majority stake in Rise Films, the Oscar-winning producer of Netflix’s Icarus and A…
Leer más »
Enjoy Life expands recall of baked goods and snacks due to potential plastic piecesEnjoy Life Natural Brands, sold in many major U.S. grocery stores, has expanded its recall of certain soft-baked cookies, chewy bars, and brownie bites due to potential plastic pieces.
Leer más »
Dogecoin 'Takes Over' Fast-Food Giant ChipotleMajor brands continue to use Dogecoin in order to drive engagement, with Chipotle tweeting a ludicrous picture that shows a Shiba Inu dog taking over its restaurant
Leer más »
EXCLUSIVE: Breitling Names NFL Quarterback Trevor Lawrence as Brand AmbassadorThe Swiss luxury watch brand has tapped Jacksonville Jaguars quarterback Trevor Lawrence as its new brand ambassador and face of the brand.
Leer más »
Stream restoration near Petersburg aims to improve fish habitatA stream restoration project is trying to undo decades-old damage that logging and gravel mining did to several streams south of Petersburg.
Leer más »