Natura &Co, the owner of The Body Shop, Aesop and Avon, announced it will be postponing its planned listing on the New Year Stock Exchange (NYSE), an action that would switch its primary stock listing from Brazil to the U.S. With the ongoing crisis in Ukraine and the prospect of volatile, surging rates in global equity markets, the company has decided to instead spend its energy focusing on Avon’s turnaround plan.
“We spent the past few months talking to our shareholders and potential investors, and the conclusion is pretty clear: the U.S. listing makes sense strategically, but maybe timing isn’t right,” said Chief Executive Officer Roberto Marques. “We’ll assess the appropriate moment to resume it.”
