Natura &Co Q3: Revenue dips 0.7 percent, profit margins continue to improve
Natura &Co has continued to improve its profit margins in the third quarter of the current financial year, while deleveraging its balance sheet courtesy of the sale of Aesop, which completed on August 30, 2023.
Aurelius Poised for The Body Shop Takeover
Aurelius Group, the private equity investor that owns Footasylum, is currently in exclusive negotiations to acquire The Body Shop.
Aurelius Group rumored to be in the running to buy The Body Shop
Aurelius Group has been named as the latest suitor for Natura &Co’s The Body Shop. The Brazilian beauty behemoth is said to be working with Morgan Stanley on a potential sale and could reach a provisional agreement with one of the interested parties by the end of the month.
Natura &Co extends early tender offer deadline
Natura &Co has announced an extension of the early tender date / consent deadline of its previously announced independent offers to purchase for cash up to US$550,000,000 of its outstanding sustainability-linked notes, due 2028 and up to US$330,000,000 of its remaining 6 percent senior notes, due 2029.
Waterstones owner rumored to be in the running for The Body Shop
The owner of Barnes & Noble and Waterstones, Elliott Advisors is said to have submitted a bid for Natura &Co’s The Body Shop.
AmorePacific’s Laneige lands in Mexico
AmorePacific has entered the Mexican market. The K-beauty behemoth made its debut with its Laneige brand via Sephora Mexico’s website and will hit shelves in 36 of Sephora Mexico’s bricks and mortar stores later this month.
Natura & Co announces tender offers for sustainability-linked notes
Natura & Co has announced that it has commenced two tender offers for up to US$550,000,000 of its outstanding sustainability-linked notes, due 2028 and up to US$330,000,000 of its remaining 6 percent senior notes, due 2029.
Natura &Co to sell The Body Shop?
Natura &Co is said to be considering a sale of The Body Shop. The Brazilian beauty behemoth’s Board has greenlit a search for ‘strategic alternatives’ for the brand, including a potential sale.
Natura &Co Q2: loss narrows as revenue inches up 2 percent
Natura &Co has reported its results for the second quarter of the current financial year. The owner of The Body Shop and Avon saw net revenue rise 1.9 percent versus the prior-year period in constant currency, reaching R7.8 billion.
Chilean duty free contract opened to tender
Chile’s Ministry of Defence has invited interested parties to submit bids for its duty free stores at Santiago Arturo Merino Benitez Airport, according to a report published by the Moodie Davitt Report. The contract, which is managed and overseen by the government, is currently held by Dufry.
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