Latin America is an attractive and lucrative target market for global cosmetics companies looking to expand overseas. Multinationals have been quick to establish their brands in the region, given its heavily urbanised and increasingly prosperous population of 600 million, an economy of US$5.7trillion, and greater available credit.
Latin Americans turn to local brands
Due to the growth spurt, local companies have had fertile ground to develop and in some cases become world class competitors in their own right.
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L'Oréal allegedly explores unloading talc-related liabilities
The beauty giant strongly contests the claims made in approximately 760 pending proceedings related to the alleged presence of asbestos particles in certain talc-containing cosmetic products. According to a new report, L’Oréal has allegedly tapped advisors Weil Gotshal & Manges and investment bank Ducera Partners
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