Case | HBS Case Collection | 2012 (Revised from original 2010 version)

Cosmeticos de Espana, S.A. (A)

by David F. Hawkins

Abstract

Management must decide which exchange rate to use to consolidate the company's Venezuelan subsidiary.

Keywords: Financial Statements; Business Subsidiaries; Inflation and Deflation; Currency Exchange Rate; Beauty and Cosmetics Industry; Spain; Venezuela;

Citation:

Hawkins, David F. "Cosmeticos de Espana, S.A. (A)." Harvard Business School Case 111-019, February 2012. (Revised from original August 2010 version.)