Natura &Co announced it will end its secondary listing of American Depository Shares on the New York Stock Exchange. The company will maintain its primary listing of common shares on the B3 stock exchange in São Paulo.
Natura &Co, the parent company of Avon International and The Body Shop, announced it has entered into a binding agreement with private investor Aurelius Group to sell The Body Shop. The deal, which is anticipated to have an enterprise value of $254 million, follows Natura &Co’s $2.5 billion sale of Aesop to cosmetics giant L'Oreal earlier this year.
Natura &Co announced its financial results for the third quarter of 2023, reporting consolidated net revenue of $1.54 billion, a 0.7% decline from the previous year’s quarter. Natura Latam, which saw a 18.6% improvement in constant currency, as well as a stable trend at Avon International, was offset by a challenging quarter for The Body Shop, which saw a 13.2% decline in constant currency.
Natura &Co has completed the sale of Aesop to L'Oréal. The transaction, which was first announced in April of this year, had a final enterprise value of $2.48 billion. This deal is expected to strengthen Natura &Co’s balance sheet and allow it to place more focus on integrating the Natura and Avon brands in Latin America.
Natura &Co announced its financial results for the second quarter of 2023, posting net revenue of $1.5 billion, a 1.9% increase in constant currency over the second quarter of 2022. Natura Latam was one of the strongest performers for the company, seeing a constant currency net revenue increase of 19.5% in the second quarter. Consolidated […]
Brazilian company Natura &Co sold its Australian brand Aesop to L’Oreal in a deal valued at $2.53 billion—L’Oreal’s largest acquisition to date.
Natura &Co, the parent company of Avon, The Body Shop and Aesop, reported an 11% decline in net revenues in the fourth quarter of 2022 and a net loss of $169.7 million.