The Brazilian cosmetics group reported on Thursday a profit of 14.3 million reais ($3.1m) in the fourth quarter, down from 381.7 million reais a year earlier, due to expenses related to its acquisition of Avon Products.
One of the most significant results of the movement for women’s empowerment, at least in fashion, is a revival of clothes with a noble air. Such was the case in an original collection from the house of Alexander McQueen.
Shira Sue Carmi, the former president of Mansur Gavriel, has just been named CEO of Altuzarra. The New York-based company was formerly run by Karris Durmer, who has left to join Scotch & Soda’s American branch.
The Brazilian cosmetics conglomerate has announced that its shares have begun trading on São Paulo’s B3 stock exchange, an important development in the corporate restructuring linked to the company’s acquisition of Avon.
The Brazilian beauty conglomerate announced on Tuesday that three new members will be joining its board of directors from Avon when it closes its acquisition of the company in the first quarter of 2020.