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November 4, 2013
By: TOM BRANNA
Editor
BRAZIL: The Body Shop, a L’Oréal unit, has acquired a 51% stake in the Emporio Body Store in Brazil, with the option to increase its stake to 80% by 2019, according to the company. Established in 1997 in Porto Alegre by Tobias Chanan, Emporio Body Store sells a complete range of cosmetic products it distributes through a network of franchisees. In 2012, Emporio Body Store realized a consolidated turnover of nearly $10 million. According to L’Oréal, the business has grown significantly in the p...
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