Natura &Co announced a restructuring proposal that would integrate it into its Natura Cosmeticos subsidiary. Natura Cosmeticos would become the parent company, which the company believes would allow for a more streamlined structure that would enhance value and more readily enable future distribution of Natura Cosmeticos’ profits.
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.
Natura &Co announced it is now in “exclusive talks” with asset manager IG4 about Avon's potential sale.
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.
Natura &Co, the owner of Avon International, announced its fourth quarter and full year 2023 earnings, reporting fourth quarter net revenue of $1.3 billion, a loss of $542.2 million from Q4 2022. Full year 2023 revenue reached $5.3 billion, an 8.5% decrease from 2022.
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 announced it will end its secondary listing of American Depository Shares on the New York Stock Exchange. The company will maintain its primary listing of common shares on the B3 stock exchange in São Paulo.
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.
Natura &Co announced its financial results for the third quarter of 2023, reporting consolidated net revenue of $1.54 billion, a 0.7% decline from the previous year’s quarter. Natura Latam, which saw a 18.6% improvement in constant currency, as well as a stable trend at Avon International, was offset by a challenging quarter for The Body Shop, which saw a 13.2% decline in constant currency.