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The Colombian motorcycle market is dominated by utilitarian, smaller bikes used by millions of people across the country for general transportation and commuting to work. But increasingly there are more and more luxury brands starting to make inroads and promote their offerings...

The Buenos Aires office of David had the top ad campaign of the year, while Bogotá-based Sancho BBDO took home the prize for Agency of the Year in Latin America.

The partnership creates a shared distribution network in the Americas and will allow Tecnoglass to manufacture and sell Schüco-branded products.

The payment will be made to all Tecnogloass shareholders of record at the close of business on October 26.

The CEO was honored for "outstanding performance leading the group's extensive portfolio of brands in several countries," said Council of the Americas.

The retail giant plans to hire 400 people by the end of October and reach 600 employees by the end of the year.

The dividend will be paid to all shareholders as the close of business on June 29.

Kimberly Clark and Grupo Familia face fines of 4.1% and 3.5% of their sales, respectively, in the Colombian and Ecuadorian markets.

Bogotá will be the first city in Colombia to receive an Ikea store, but that inauguration will come after an opening in Santiago that is scheduled for 2020.

The remaining $29 million USD payment was made last week with $6 million USD in cash, $13 million USD in stock, and a $10 million USD note.