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.
Specialty chemicals provider Azelis has expanded its foothold into the South American market with the purchase of ROCSA Colombia S.A., a specialty chemical distributor active in both life sciences and industrial chemical markets.
Natura &Co has announced a group reorganization whereby the company will transition to a simpler holding company structure.
Grupo Boticário is to open an innovation hub in Portugal in a bid to search for technology talent, according to a report by Forbes.
Natura &Co has reported its results for the first quarter of fiscal 2022. The Brazilian owner of Aesop and The Body Shop saw revenue drop 4.6 percent in constant currency top R$8.3 billion.
Natura &Co has been recognised as one of the world’s most ethical companies by the Ethisphere Institute. L’Oréal, Kao, Colgate Palmolive and Firmenich also made the 2022 list.
Cresco Labs is set to become the biggest cannabis producer in the US with the acquisition of rival Columbia Care Inc in a US$2 billion deal – one of the biggest in the industry, according to Reuters.
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.