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Fast-growing Brazilian firm founded by Tobia Chanan.
October 15, 2013
By: TOM BRANNA
Editor
L'Oréal’s The Body Shop has acquired a 51% stake in the Emporio Body Store in Brazil, with the option to increase its stake to 80% by 2019. 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. Emporio Body Store's 2012 consolidated turnover was €7 million. According to L’Oréal, the business has grown significantly in the past two years. There were just 36 outlets in 2010 ...
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