Ivan Castano

Brazil’s biggest beauty brands are looking overseas for growth, as a host of indie brands increasingly gain market share domestically.

While there could be rebounds in markets such as Brazil and Argentina, overall the outlook is soft.

Mexico is expected to continue to lead the region, but overall sales are forecast to show significant slowdowns from last year and 2021.

The unit in the Mitikha complex comes as the chain continues to expand and refurbish stores.

The increases in the region are being impacted by tight supplies of yarn and thread, however.

The renovations come as retail sales are beginning to rebound, with Mexico seeing fewer infections and deaths from COVID-19.

Analysts believe the victory could boost the economy — and thus help retailers — but designers worry the new president’s far-right policies could impact creative freedom.

President Trump on Monday renewed threats to cut off aid to Honduras, Guatemala and El Salvador in response to the 7,000-strong caravan.

Both companies aim to boost their working capital amid political uncertainties in Mexico and Brazil.

Elections in key markets such as Mexico and Brazil could unsettle consumers and dent an expected increase in retail sales.