Grupo Leste acquires a 49% stake in Prestige Cosméticos, aiming to support Brazilian luxury brands in expanding their presence in the U.S. beauty market.
Target Company Overview
Prestige Cosméticos, a leader in the distribution of luxury perfumes and cosmetics in Brazil, has garnered significant attention from local and international markets. The company showcases a portfolio of high-end international brands and has established itself as a prominent player in the Brazilian beauty sector. The recent acquisition of a 49% stake by Grupo Leste marks a pivotal moment in the company’s growth trajectory, as it seeks to expand its international presence, particularly in the lucrative U.S. market.
The Brazilian cosmetics industry ranks fourth globally, highlighting the country's potential for further growth beyond its borders. Other notable players in this market include Granado, known for its traditional soaps and skincare products, which recently opened its first U.S. store in New York.
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Industry Overview
The Brazilian cosmetics market is thriving, with a projected growth to surpass $100 billion in value. As the largest beauty market globally, the U.S. presents a compelling opportunity for Brazilian brands looking to expan
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Disclosed details
Transaction Size: $20M