Brazil: Puig acquires minority stake in Granado
Puig, the fashion and fragrance giant, has bought a minority stake in the Brazilian toiletries firm Granado, according to reports in Reuters and Cosmetics Business. The Spanish firm, which is behind the Jean Paul Gaultier and Carolina Herrera brands, is to acquire a 35% stake in Grupo Granado for around R$500 milllion ($155 million), according […]