BRAZIL: L’Oréal has signed an accord to acquire Brazilian independent hair color and care company Niely Cosmeticos. Founded in 1981 by Daniel Fonseca de Jesus and with a net revenue of nearly $180 million last year, the Niely Cosmeticos group has two main brands—Cor & Ton hair color and Niely Gold shampoos and care. Sold at “accessible prices and enjoying a large penetration among the country’s middle class,” Niely Cosmeticos products are widely distributed throughout retailers and wholesal...