THE WHAT? Natura &Co has decided against a move for its primary stock market listing from Brazil to the US, according to a report published by Bloomberg, amid market volatility due to impending interest rate rises and the war in Ukraine.
THE DETAILS The owner of The Body Shop and Aesop said that it would instead focus on its rescue plan for Avon.
THE WHY? CEO Roberto Marques told Bloomberg, “We spent the past few months talking to our shareholders and potential investors, and the conclusion is pretty clear: the USA listing makes sense strategically, but maybe timing isn’t right. We’ll assess the appropriate moment to resume it.”