Augustinus Bader, the skincare label co-founded by a former BTG Pactual banker, is on track to grow by as much as 40 percent this year as the upstart brand shrugs off a slowdown in high-end cosmetics.
Despite cooling demand for premium skincare brands at bigger beauty groups such as L’Oréal SA or Estée Lauder Cos, Augustinus Bader is benefiting from its image as a “new cool kid on the block,” whose clientele in the US in particular is…