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.

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.

Avon has entered into a retail partnership with Superdrug, a high street retailer with more than 830 stores in the UK. Beginning in mid-October, Avon products will be available through the retailer's website Superdrug.com, and a large selection of Avon products will hit store shelves in 100 Superdrug stores.

Natura &Co, the parent company of Avon, announced in its securities filing this week that it has authorized its management to explore strategic alternatives for The Body Shop, which may include a potential sale of the business. This announcement comes as The Body Shop saw a 12% sales decline during the second quarter.

Natura &Co announced its financial results for the second quarter of 2023, posting net revenue of $1.5 billion, a 1.9% increase in constant currency over the second quarter of 2022. Natura Latam was one of the strongest performers for the company, seeing a constant currency net revenue increase of 19.5% in the second quarter. Consolidated […]