Natura &Co is said to be working with the Bank of America Corp and Morgan Stanley in order to sell a stake in the Aesop brand, according to a report by Bloomberg.
Natura &Co has reported its results for the third quarter of fiscal 2022. The Brazilian cosmetics conglomerate saw revenue rise 2.2 percent yoy to R$9 billion in constant currency and stable adjusted EBITDA margin at 8.6 percent.
Natura &Co-owned Avon has announced that it will be establishing new Research and Development operations in Brazil and Poland, two of its largest markets, and closing its existing New York-based facility.
Grupo Boticário has acquired Brazilian male beauty brand Dr. Jones for an undisclosed sum.
Natura &Co may have rubbished rumors that it was mulling a sale or spin-off of select brands in its portfolio just weeks ago but now the Brazilian beauty behemoth is considering a possible IPO or spin-off of its successful Aesop brand.
Natura &Co has quashed rumors that it is considering the sale of The Body Shop or the spin off of its Aesop brand, according to a report published by Reuters.
Natura &Co is rumored to be considering a sale of The Body Shop, according to a report published by This Is Money.
Fresh from the news that Aesop and The Body Shop are gearing up to open their first bricks and mortar locations in China later this year, Natura &Co has announced that the openings are part of a wider growth strategy, according to a report published by Nasdaq.
Natura &Co has reported its results for the second quarter of the current financial year. The Brazilian owner of The Body Shop saw sales rise 0.4 percent in constant currency to R$8.7 billion. Adjusted EBITDA margin was 8 percent (down 50bps).
Puig has announced that it has increased its investment in Colombian natural cosmetics brand, Loto del Sur.