Natura &Co to explore possible separation of Natura &Co Latam and Avon into two independent listed companies
The potential move would support the group's strategy of simplifying operations, strengthening brand autonomy and unlocking shareholder value
SÃO PAULO,
A separation would result in two independent, publicly traded beauty companies (
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Natura : a leading beauty company with historically clear focus on sustainability, owning and operating the Natura brand worldwide and with the right to operate the Avon brand inLatin America and; - Avon: the owner of the Avon brand, operating a geographically diversified business with a strong innovation heritage in beauty and personal care and driven by an intrinsic purpose of creating a better world for women.
This assessment is consistent with
The aim of this study is to unlock the full potential of both companies, which have distinct geographical footprints and serve different beauty consultants and consumers. The two standalone entities would each have independent governance and management teams. This potential separation would also afford shareholders greater visibility into the financial performance, structure, growth prospects, and investment theses of the respective companies.
There can be no assurance that any separation will ultimately be recommended by the Board of Directors. Completion of a separation would be subject to various conditions, including final approval from the Board of Directors and consent from the majority of shareholders, among others.
While the strategic assessment is being conducted by
About
We believe in promoting real positive economic, social, and environmental impact. We believe that the world does not need another big company. The world needs symbols of change capable of blazing new trails and inspiring others to follow. We believe in the power of cooperation, co-creation, and collaboration for a better way of living and doing business.
We are
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended, or an exemption therefrom. This communication may contain forward-looking statements which reflect
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