CosmoBiz Magazine April 2016 | Page 91

ceremony was a significant move; several members of local government attended including Margaret Mwankatwe, the Commerce, Trade, and Industry Minister. A press release from the event stated, “M.A.C remains committed to developing new categories, products and over 50 collections each year in order to serve the demand of customers.” Uganda Banning Select Imported Cosmetics In an effort to crack down on dangerous imported goods containing mercury and hydroquinone, the Uganda National Bureau of Standards, UNBS, has made plans to put a ban into effect. Starting on March 31st traders and importers will be prohibited from selling any products that contain the two ingredients, which pose health risks. Dr. Ben Manyindo, in a statement for the UNBS, explained, “There are more than 100 prohibited substances in cosmetics, but we are particularly concerned about those substances because they have proven that they are very harmful to our bodies.” Manyindo later continued, “We agreed with cosmetics distributors that by 1 April 2016, the cosmetic products which do not conform to the agreed standards should not be in the market. Standards have always been in place but one challenge has been the implementation of these standards.” Both of the ingredients are shown to endanger internal organs while hydroquinone also increases risks of ultra-violet ray damage and cancer. Latin America P&G Sells Escudo Soap As a pa rt of its move to consolidate its holdings, P&G has announced the sale of the Latin American Escudo brand to Kimberly-Clark de México. The brand has dealt in antibacterial soap for over 50 years and is one of the leaders in the market. The sale is one of the latest in P&G’s sales of more than 43 beauty brands. A press release from the company added, “The transaction, for an undisclosed amount, is expected to close during the first half of 2016 subject to necessary regulatory approvals.” Sephora Reveals 2016 Plans for Brazilian Market In an interview with Brazil Beauty News, VP of Marketing and Merchandising for Sephora Latin America, Andrea Orcioli, gave an overview of the company’s progress in the Brazilian market as well as their plans for the next year. The retailer is incredibly popular in the market; the Brazilian beauty industry is one of the largest, and demand for prestige products has ensured that Sephora Brazil is extremely popular with consumers. Interestingly enough, many of the most popular products are the same as Sephora North America. Andrea Orcioli listed some of the top products to her interviewers: “the Naked eyeshadow palette (Urban Decay), the POREfessional facial primer (Benefit), the Rouge Cream lipstick (Sephora Collection), the Ultra HD invisible cover foundation (Make Up For Ever) and the Eau de Beauté Beauty Elixir (Caudalie).” The brand has big plans for the next year as Orcioli explained, “We opened two stores in São Paulo and three kiosks in Porto Alegre, Curitiba and Campinas at the end of last year. Our aim for 2016 is to continue growing and bringing exclusive brands and products to our customers, as well as being physically present in new places. We began the year by opening a pop up store at Tijuca Shopping Mall, in Rio de Janeiro, and will invest further in this format, which has really taken off. We will continue to expand our store chain and should land in Rio Grande do Sul later this year.” 91