The Direct Selling Association in the United Kingdom (DSA UK) named the finalists for the Corporate Awards that will be honored at the Association’s Diamonds of Direct Selling Awards on May 1st. This award ceremony recognizes outstanding achievements of member companies and their distributors.

Consolidated net revenue in the fourth quarter reached $1.3 billion, up 16.1% from the same quarter in 2023. Constant currency net revenue growth was fueled by strong performance of the Natura brand and partially offset by the continued declines in the Avon Hispanic markets and Home & Style category.

Avon Products Inc. announced significant developments in its bankruptcy proceedings.  A comprehensive settlement and asset sale has been approved and, as of March 5, the company has emerged from Chapter 11 with a clear path forward.

The Avon Company announced a new Avon Ambassador commission structure. This new program is designed to “modernize, simplify and elevate business.” Avon stated it is dedicated to the direct selling business model, and that this new structure is intended to reward Avon Ambassadors for their performance while making it easier to maximize earnings.

Natura &Co announced its third quarter financial results for 2024. Consolidated net revenue reached $1.04 billion during the quarter, fueled by strong performances by both Natura and Avon in Brazil. Recurring EBITDA was $150 million, up 52% year-over-year with a 14.6% margin, which the company described as “another quarter of solid profitability expansion.”

Avon Products, Inc., the US-based non-operational holding company of the Avon beauty brand, announced it has initiated voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware to address its debt and legacy talc liabilities. Avon Products has not sold goods within the US since it divested its North American business segment in 2016.

Natura &Co announced its financial results for the second quarter of 2024, reporting consolidated net revenue of $1.3 billion, a 5.7% year-over-year increase in constant currency. Adjusted EBITDA was $146 million with a net loss of $156 million, compared to a net loss of $133 million in last year’s quarter.

A profound belief in human potential has always driven Rick Goings in his decades-long impact as a direct selling executive. His leadership philosophy is centered on creating an environment where people can thrive and become the best versions of themselves. Combining that approach with a core focus on creating and understanding culture and his efforts that shifted attitudes in social responsibility, his lasting global influence has more than earned him the prestigious DSN Lifetime Achievement Award.

The Avon Company and its parent company LG H&H USA announced a partnership with humanitarian organization Global Empowerment Mission to donate $2.4 million worth of products to help provide immediate aid for emergency situations.

Natura &Co’s Board of Directors is assessing a possible separation from Avon. This potential separation would create two independently listed and publicly traded beauty companies, which would align with the group’s previously announced strategy to simplify operations and corporate structure, strengthen brand autonomy and unlock further shareholder value.

Natura &Co, the parent company of Avon International and The Body Shop, announced it has entered into a binding agreement with private investor Aurelius Group to sell The Body Shop. The deal, which is anticipated to have an enterprise value of $254 million, follows Natura &Co’s $2.5 billion sale of Aesop to cosmetics giant L'Oreal earlier this year.

Avon announced a new era for the 137-year-old company with the launch of its first-ever physical retail stores in the UK, scheduled to open in the coming months. The stores will offer approximately 150 products, with the full product portfolio available only through its independent distributors.