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Amazon makes a beauty move in Brazil

Published 06/14/2018, 01:56 PM
© Reuters.  Amazon makes a beauty move in Brazil
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  • Amazon (AMZN +1%) is teaming up with cosmetics firms in Brazil to help make an entry into the nation's large beauty market through a new logistics platform, according to Reuters. It's a strategic move by the company considering that Brazil ranks as the fourth largest beauty market in the world.
  • The development follows several logistics moves by Amazon in Brazil that imply that the Seattle e-commerce giant is looking to build out a large delivery network.
  • Stocks that could be influenced by the Amazon push into Brazil beauty include Avon Products (AVP +6.1%), Estee Lauder (EL +0.4%), Natura Cosmeticos (OTC:NUACF), Revlon (REV +0.3%), MercadoLibre (MELI +6.3%) and e.l.f. Beauty (ELF +0.5%).
  • Now read: Amazon's Shareholders Have Not Thought About This


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