September 2012, Ikesaki also launched a new training center that
offers courses and workshops for hair stylists and beauty therapists.
Coty Renewing Attempts to Acquire Jequiti
Coty has renewed its interest in acquiring Grupo Silvio Santos’
Jequiti Cosmeticos brand, which is valued at around US$500 million.
According to Bloomberg, Jequiti has hired Barclays PLC to sell the
brand, which has also drawn the interest of L’Oréal.
In June 2012, Coty raised roughly $700 million to make an initial
public offering, but delayed it until early 2013. However, the company
has been working to boost revenue by entering new regions and
reinforcing its presence in emerging markets. At press time, Jequiti,
Coty, Barclays and L’Oréal declined to comment on the situation.
Roger & Gallet Opens its First Store-in-store
in Latin America
Rio was chosen by French perfume house Roger & Gallet for the
opening of its first store-in-store in Latin America. The concept store,
located on the second floor of Drogaria Venancio, reflects the brand’s
plan to strengthen its presence in Brazil’s drug store channel.
With furniture inspired by French apothecaries from the early
19th century, the new boutique recreates a vintage atmosphere
to celebrate the brand’s 150th anniversary. Until 2010, Roger &
Gallet’s products were found only in selected perfumeries and duty-free shops. The brand can currently be found in 550 pharmacies
throughout Brazil. n GCI
FERNANDA BONIFACIO is a Brazilian journalist who focuses on the beauty industry, and has been published in the U.S. and Europe. She represented ABIHPEC and its member companies globally from 2002–2008.
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