NPD has put expansion of our beauty services on the fast track,” said Mark Turim. “Our investment in Segmenta gives us a foothold in one of the world’s fastest growing markets for the industry, Latin America.
Port Washington, New York (PRWEB) November 21, 2011
The NPD Group, Inc., a global leader in consumer and retail market research for a wide range of industries, has made an investment in Segmenta, a market research firm that tracks the prestige beauty industry in Mexico, Argentina, Brazil, Columbia, Chile, Peru, Venezuela, and Uruguay. As part of the agreement, Mark Turim, President and General Manager for NPD in Latin America, has joined Segmenta’s board of directors.
NPD offers the only retail-point-of-sale tracking service for the beauty industry in the U.S., along with comparable services in France, UK, Italy, and Spain. NPD also offers beauty manufacturers and retailers a range of other services including custom research and advanced analytics.
Segmenta currently provides retail tracking, including data from over 900 stores, across eight countries. NPD’s backing will support development of additional services. Segmenta now has over 90 clients in the region.
“NPD has put expansion of our beauty services on the fast track,” said Mark Turim. “Our investment in Segmenta gives us a foothold in one of the world’s fastest growing markets for the industry, Latin America. Their strong leadership, proven success market, and ambitious plans to roll out new services make Segmenta an ideal partner for NPD as we look to continue delivering more global information to our clients.”
Miguel Argaez, Director General of Segmenta, said, “ Our partnership with NPD will give us the additional resources that we need to look at new markets that are becoming more and more important to beauty manufacturers. Our services are highly complementary, and we are looking forward to sharing our knowledge in this area to ultimately benefit the industry.”
About The NPD Group, Inc.
The NPD Group is the leading provider of reliable and comprehensive consumer and retail information for a wide range of industries. Today, more than 1,800 manufacturers, retailers, and service companies rely on NPD to help them drive critical business decisions at the global, national, and local market levels. NPD helps our clients identify new business opportunities and guide product development, marketing, sales, merchandising, and other functions. Information is available for the following industry sectors: automotive, beauty, entertainment, fashion, food, home and office, sports, technology, toys, video games, and wireless. For more information, contact us or visit http://www.npd.com.