From Nail Polish to Global Makeup: Masglo Evaluates Two New Categories to Continue Strengthening Its Portfolio
Jorge Bohórquez, CEO of Masglo Photo: Courtesy Masglo/ Masglo Website
TL;DR
- Masglo is diversifying from primarily nail polish to a comprehensive makeup line, including products for eyes, face, and lips.
- The company is launching a crowdsourcing campaign for lipstick names, inviting consumer participation.
- Masglo has a strategic, phased plan for international expansion, with Europe and Latin America as key markets.
- Innovation in product formulas includes 'free' standards (e.g., 13-free, 14-free) and sustainable practices like bottle collection programs.
- The Gel Evolution nail polish line is highlighted as a patented, unique product in Colombia.
- Masglo achieved significant export growth in the previous year and expects continued market share increase in makeup.
- The company is considering future categories such as skincare and a dedicated men's line.