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Henkel
Henkel
Entry-mode
JOINT VENTURE
Natura Cosmeticos SA Brazil-based manufacturer and direct seller of beauty and personal care products 92% of sales in Brazil 656.8 mn profit in 2012 Objectives: Expand into other markets
Market share Brazil 32,563 mn 7,231 mn Natura Cosmeticos 4,364 mn 244 mn % Natura Cosmeticos 13.4% 3.4%
Henkel - Syoss
Technical expertise and formula innovation Machinery and engineering Store-based retailing knowledge
Natura Cosmeticos SA
Infrastructure Direct selling knowledge Customer preferences knowledge
PRODUCT/MARKET STRATEGY
DISTRIBUTION
DIRECT SELLING
STORE-BASED RETAILERS
Health & Beauty retailers Supermarkets Hypermarkets 33.4% 24.1% 11.1% 71.4%
27.1%
Brazil has a large rural population BPC is the largest product category in the global direct selling market
Entry Strategy and Marketing Plan
DISTRIBUTION