The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
SÃO PAULO, Brazil — Banco Santander Brasil has partnered with Natura Cosmetics to offer banking services to the cosmetics maker's sellers, according to a securities filing on Wednesday.
The company said Santander will offer digital checking accounts to the 1 million sellers of the cosmetics through a Natura online app, as well as debit and credit cards, card reader machines and a system of micro-loans.
In January, Banco Santander Brasil chief executive Sergio Rial had said the bank was developing a partnership with Natura, without providing details on the deal.
By Gabriela Mello and Carolina Mandl; editor: Jeffrey Benkoe.
This month, BoF Careers provides essential sector insights to help beauty professionals decode the industry’s creative landscape.
The skincare-to-smoothie pipeline arrives.
Puig and Space NK are cashing in on their ability to tap the growth of hot new products, while L’Occitane, Olaplex and The Estée Lauder Companies are discovering how quickly the shine can come off even the biggest brands.
Demand for the drugs has proven insatiable. Shortages have left patients already on the medications searching for their next dose and stymied new starters.