Brazil’s (EWZ) economy is showing signs of improvement in 2017, and inflation is hovering around its target rate.
Coty’s deal with Hypermarcas has several advantages for its business in Brazil. The distribution and supply chain benefits can’t be emphasized enough.
Hypermarcas is Brazil’s largest pharmaceutical company, with an estimated market share of 14% in terms of unit sales.
Coty announced that it had agreed to acquire the beauty and personal products business of Hypermarcas. The consideration for the transaction is $1 billion.