Brazilian beauty group Natura &Co has confirmed that it is mulling a possible separation with its subsidiary, Avon International, which saw its revenue slip in the first quarter of 2024. In a statement included in the group’s financial report, Fábio Barbosa, group CEO of Natura &Co, said: “Avon International had another challenging quarter with...
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Brazilian beauty company Natura & Co., which recently sold The Body Shop and Aesop, is mulling a possible separation of Natura &Co Latam and Avon to support the group’s strategy to simplify operations and strengthen brand autonomy. In a statement to its board of directors, the Brazilian company said a separation of Natura &Co Latam and Avon into...
Beauty conglomerate Natura &Co has announced plans to remove its listing from the New York Stock Exchange (NYSE) amid an ongoing strategy aimed at “simplifying operations”. The company’s board revealed the plans in a regulatory filing, noting that it would maintain its primary listing of common shares on the B3 stock exchange in São Paulo,...
British ethical beauty brand The Body Shop has been sold by Brazilian beauty group Natura &Co to international private equity group Aurelius for 207 million pounds. Natura &Co said the move to sell the retailer would allow the beauty group “to simplify and refocus its operations,” and allow it to accelerate the integration of the Natura and Avon...
Global beauty group L’Oréal has completed the acquisition of Australian luxury skincare brand Aesop from Natura & Co. The deal, first announced in April, will see Aesop joining the L’Oreal Luxe Division, which includes brands such as Lancôme, Yves Saint Laurent and Giorgio Armani, as the beauty group looks to take the Australian brand “to the...
Natura &Co has said it is considering a sale of The Body Shop just months after it sold Aesop to L’Oréal in a 2.5 billion dollar deal. In a regulatory filing, the Brazilian company reported that its board of directors had authorised its management to explore “strategic alternatives” for the cosmetics retailer, which “may include a potential sale...
Fable Investments, the corporate vehicle behind Body Shop owner Natura & Co has announced its first investment in Perfumer H. Fable investments was initiated to support beauty, health, and wellness companies with their growth potential, innovation, and selling points. The company’s inaugural investment, Perfumer H is an artisan fragrance brand...