Natura &Co is rumored to be weighing the possibility of offloading its Avon International unit. The Brazilian beauty giant, which has already sold Aesop to L’Oreal and struck a deal for The Body Shop in the last year, is said to be keen to focus on its home market.
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 Group, the private equity investor that owns Footasylum, is currently in exclusive negotiations to acquire 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 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.
The owner of Barnes & Noble and Waterstones, Elliott Advisors is said to have submitted a bid for Natura &Co’s The Body Shop.
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 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 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 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.