Grupo Newsan’s acquisition of 50% of the shareholding of Cdimex, owned by Grupo Cortassa, was announced on August 22, 2025. Marval O’Farrell Mairal acted as legal advisor to the sellers while Beccar Varela represented the buyers.
Cdimex is a company dedicated to the development, production, import, and commercialization of fragrances and beauty products in Argentina, including local brands such as Cher, Bensimon, Sarkany, Tucci, and Fascino, and international brands such as Lattafa, Armaf, Elizabeth Arden, Rasasi, Afnan, and Al Wataniah, among others. It currently leads the segment, with six of the ten best-selling brands and a strong presence in pharmacies, beauty retailers, and digital channels. The company is part of Grupo Cortassa, a family-owned organization based in Rafaela, Santa Fe, with 70 years of history.
Following the transaction, Cdimex will continue to operate independently, but under joint management. The partnership with Grupo Newsan will allow the company to accelerate its expansion and the growth and professionalization of its operations. The Cortassa family, for its part, will contribute its knowledge and expertise in the fragrances and beauty products business.
Advisors to Grupo Cortassa
Marval O’Farrell Mairal advised Grupo Cortassa though a team led by partners Guillermo Burman and Diego Chighizola, together with associate Delfina Majdalani.
Grupo Cortassa’s in-house attorney was Virginia Alberto.
Beccar Varela advised Grupo Newsan through a team led by partner Daniel Levi, together with counsel Eugenia Radaelli and associates Alejandra Bouzigues, Mora Mangiaterra, Ariana Kissner, and Mateo Botana. Also participating were partners Santiago Montezanti, Agustin Waisman, Florencia Rosati, Ana Andres, María Eduarda Noceti, Guido Krolovetzky, and Manuel Fravega; and associates Lujan Callaci, Pilar Lodewyckx Hardy, Sofía Videla, Franco Montiel, Fermin González Arguello, Micaela Navarrine, Juan Pablo Perrino, Belen Ravenna, Florencia Marcelli, Daiana Mari, Luciana Malito, Mailen Del Sol Isidro, Tomas Lopez Bisso, Andrea Sanchez Vicentini, Agustin Coronel de la Torre, Tomas Caputo, and Pilar Fernandez Sasso.
Grupo Cortassa’s in-house counsel was Marcela Cominelli.