Case | HBS Case Collection | August 2010 (Revised February 2012)

Cosmeticos de Espana, S.A. (A)

by David F. Hawkins


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;


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