Natura &Co, the parent company of Avon, announced in its securities filing this week that it has authorized its management to explore strategic alternatives for The Body Shop, which may include a potential sale of the business. This announcement comes as The Body Shop saw a 12% sales decline during the second quarter.
In April, Natura &Co entered into an agreement to sell Aesop to L’Oréal as part of its efforts to strengthen and deleverage its balance sheet and focus on further optimization of Avon International’s footprint and integration in Latin America.
The company said it would not guarantee that the exploration of strategic alternatives for The Body Shop would result in a transaction.
