The Body Shop

Another quarter of improved margins driving turnaround on profitability at Natura &Co

Retrieved on: 
Tuesday, March 12, 2024
Growth, BRL, Business, ADR, Sale, Quality of life, Woman, Yoy, Investment, The Body Shop, Second wave, USD, Consultant

SÃO PAULO, March 12, 2024 /PRNewswire/ -- Natura &Co's (B3:NTCO3) 2023 financial results, released today, reflect the benefits of a strategy defined and implemented 18 months ago, to prioritize profitability and cash conversion versus revenue growth, integrate the Natura and Avon brands in Latin America, and divest non-core assets to deleverage and simplify its corporate structure.

Key Points: 
  • At the same time, both brands saw improvements in the expense structure while noting the transformational savings recorded at Avon International.
  • Adjusted EBITDA reached BRL 2,7 billion, and adjusted EBITDA margin expanded 310 bps YoY, showing growth versus prior year in every quarter.
  • Recognizing Natura &Co's social achievements, the Company is proud to have reached its goal of providing a living wage for all employees across Natura &Co.
  • Margins and cash remain as priorities in the short term, paving the way for further investments in brands and technology.

Another quarter of improved margins driving turnaround on profitability at Natura &Co

Retrieved on: 
Tuesday, March 12, 2024
Growth, BRL, Business, ADR, Sale, Quality of life, Woman, Yoy, Investment, The Body Shop, Second wave, USD, Consultant

SÃO PAULO, March 12, 2024 /PRNewswire/ -- Natura &Co's (B3:NTCO3) 2023 financial results, released today, reflect the benefits of a strategy defined and implemented 18 months ago, to prioritize profitability and cash conversion versus revenue growth, integrate the Natura and Avon brands in Latin America, and divest non-core assets to deleverage and simplify its corporate structure.

Key Points: 
  • At the same time, both brands saw improvements in the expense structure while noting the transformational savings recorded at Avon International.
  • Adjusted EBITDA reached BRL 2,7 billion, and adjusted EBITDA margin expanded 310 bps YoY, showing growth versus prior year in every quarter.
  • Recognizing Natura &Co's social achievements, the Company is proud to have reached its goal of providing a living wage for all employees across Natura &Co.
  • Margins and cash remain as priorities in the short term, paving the way for further investments in brands and technology.

EQS-News: Publication of the 2022/2023 consolidated financial statements and the results for the first quarter of 2023/2024

Retrieved on: 
Wednesday, March 13, 2024
ERP, The Body Shop, Supervisory board, Coronavirus, KPS, Consultant, Kaufhaus des Westens, Tax, Annual, WKN, Bank statement, Environment, Rare-earth element

Group revenue in the 2022/2023 financial year at € 177.8 million (previous year: € 180.0 million).

Key Points: 
  • Group revenue in the 2022/2023 financial year at € 177.8 million (previous year: € 180.0 million).
  • The effects of the insolvency can now be quantified and allocated to the financial years 2022/2023 and 2023/2024.
  • The past 2022/2023 financial year was subsequently impacted by the insolvency in the amount of € 3.5 million.
  • In the 2022/2023 financial year, KPS generated revenues amounting to € 177.8 million (previous year: € 180.0 million).

The collapse of The Body Shop shows that ‘ethical’ branding is not a free pass to commercial success

Retrieved on: 
Thursday, February 15, 2024
Body, Woman, Macmillan Cancer Support, The Body Shop, Boot, Sale, Skin, Organic, Habit, No. 7, Supermarket, COVID, Ageing, Research, Environment, Pressure

A success story for almost 50 years, The Body Shop started out as a small enterprise in a UK seaside town – Brighton.

Key Points: 
  • A success story for almost 50 years, The Body Shop started out as a small enterprise in a UK seaside town – Brighton.
  • A selling point which once made The Body Shop stand out can lose its sparkle when it does not evolve in line with changing market conditions and consumer expectations.
  • Claiming to be ethical has now become a popular approach for a wide range of modern businesses.
  • The Body Shop’s demise illustrates the adverse consequences of not adapting or innovating its ethical branding.

Natura &Co to explore possible separation of Natura &Co Latam and Avon into two independent listed companies

Retrieved on: 
Monday, February 5, 2024
Natura & Co, The Body Shop, Beauty, Woman, Management

SÃO PAULO, Feb. 5, 2024 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that its Board of Directors has authorized its management to assess a possible separation of Natura &Co Latam and Avon to unlock further shareholder value.

Key Points: 
  • 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.
  • This potential separation would also afford shareholders greater visibility into the financial performance, structure, growth prospects, and investment theses of the respective companies.
  • Natura would continue to operate with both brands in the region, so the potential separation would not impact the integration of the brands in Latin America.
  • While the strategic assessment is being conducted by Natura &Co´s management, the company continues to implement Avon´s turnaround strategy and integrate the businesses of the Natura and Avon brands in Latin America.

Natura &Co to explore possible separation of Natura &Co Latam and Avon into two independent listed companies

Retrieved on: 
Monday, February 5, 2024
Natura & Co, The Body Shop, Beauty, Woman, Management

SÃO PAULO, Feb. 5, 2024 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that its Board of Directors has authorized its management to assess a possible separation of Natura &Co Latam and Avon to unlock further shareholder value.

Key Points: 
  • 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.
  • This potential separation would also afford shareholders greater visibility into the financial performance, structure, growth prospects, and investment theses of the respective companies.
  • Natura would continue to operate with both brands in the region, so the potential separation would not impact the integration of the brands in Latin America.
  • While the strategic assessment is being conducted by Natura &Co´s management, the company continues to implement Avon´s turnaround strategy and integrate the businesses of the Natura and Avon brands in Latin America.

The Body Shop Becomes First Global Beauty Brand to Achieve 100% Vegan Product Formulations Certified by The Vegan Society

Retrieved on: 
Wednesday, January 3, 2024
Peppermint, Sale, Business, The Vegan Society, Collection, Hope, Health, Cosmetics, Printing, Beauty, Animal, Business development, The Body Shop, Veganism, Body, Safety

NEW YORK, Jan. 3, 2024 /PRNewswire/ - Today, The Body Shop announces its 100% vegan achievement, making it the world's first global beauty brand* to offer 100% vegan product formulations certified by The Vegan Society**across all ranges including skincare, body care, haircare, makeup and fragrance.

Key Points: 
  • NEW YORK, Jan. 3, 2024 /PRNewswire/ - Today, The Body Shop announces its 100% vegan achievement, making it the world's first global beauty brand* to offer 100% vegan product formulations certified by The Vegan Society**across all ranges including skincare, body care, haircare, makeup and fragrance.
  • While the fight continues for a worldwide ban on animal testing in cosmetics, for The Body Shop, a fully vegan product portfolio is the next milestone in cruelty-free beauty.
  • Director of Business Development at The Vegan Society, Chantelle Adkins, comments: "Today we are extending a massive congratulations to The Body Shop for achieving 100% of their product formulations being vegan and certified with The Vegan Society's Vegan Trademark.
  • The Vegan Society represents the global gold standard in vegan certification across multiple industries, providing a trusted trademark for The Body Shop products.

CUPE 4500 Serves 72-hour Strike Notice to Coast Mountain Bus Company as No Progress Made During Mediation

Retrieved on: 
Wednesday, January 3, 2024
Advocacy Group Opinion, Labor, Professional Services, Public Policy, Government, Human Resources, Part, Coast Mountain Bus Company, Movement, CMBC, CUPE, The Body Shop, Fare

CUPE Local 4500, representing more than 180 Lower Mainland transit workers employed by the Coast Mountain Bus Company (CMBC), has served 72-hour strike notice, effective at 8 a.m. on Wednesday, following a long day of mediation with no progress.

Key Points: 
  • CUPE Local 4500, representing more than 180 Lower Mainland transit workers employed by the Coast Mountain Bus Company (CMBC), has served 72-hour strike notice, effective at 8 a.m. on Wednesday, following a long day of mediation with no progress.
  • Job action will begin at 8 a.m. on Saturday (January 6) with an overtime ban, which will affect all operations in the Coast Mountain system.
  • We hope the employer shows the same willingness,” said CUPE 4500 President Chris Gindhu, commenting on today’s talks with mediator Vince Ready.
  • In a strike vote held on December 12, CUPE 4500 members voted 100 per cent in favour.

The Body Shop becomes the first global beauty brand with 100% vegan product formulations certified by The Vegan Society

Retrieved on: 
Wednesday, January 3, 2024
The Body Shop, Beauty, Business, Animal, Health, The Vegan Society, Cosmetics, Dairy

LONDON, Jan. 2, 2024 /PRNewswire/ -- Millions of eyes will roll around the world today as The Body Shop announces that it has become the world's first global beauty brand* to achieve 100% vegan product formulations across all ranges including skincare, body care, haircare, makeup and fragrance. The entire product formulations portfolio has been certified by the Vegan Society.** The trailblazing beauty retailer has achieved the ambitious target it set itself in 2021, when 60% of its products already carried the Vegan Society trademark.

Key Points: 
  • The Vegan Society represents the global gold standard in vegan certification across multiple industries, providing a trusted trademark for The Body Shop products.
  • Every single product formulation from The Body Shop is now certified by The Vegan Society.
  • *As of December 2023, The Vegan Society has named The Body Shop as the first global beauty brand to achieve 100% vegan product formulations, certified by The Vegan Society.
  • **As of December 2023, all of The Body Shop's current product formulas have been certified by The Vegan Society.

The Body Shop becomes the first global beauty brand with 100% vegan product formulations certified by The Vegan Society

Retrieved on: 
Wednesday, January 3, 2024
The Body Shop, Beauty, Business, Animal, Health, The Vegan Society, Cosmetics, Dairy

LONDON, Jan. 3, 2024 /PRNewswire/ -- Millions of eyes will roll around the world today as The Body Shop announces that it has become the world's first global beauty brand* to achieve 100% vegan product formulations across all ranges including skincare, body care, haircare, makeup and fragrance. The entire product formulations portfolio has been certified by the Vegan Society.** The trailblazing beauty retailer has achieved the ambitious target it set itself in 2021, when 60% of its products already carried the Vegan Society trademark.

Key Points: 
  • The Vegan Society represents the global gold standard in vegan certification across multiple industries, providing a trusted trademark for The Body Shop products.
  • Every single product formulation from The Body Shop is now certified by The Vegan Society.
  • *As of December 2023, The Vegan Society has named The Body Shop as the first global beauty brand to achieve 100% vegan product formulations, certified by The Vegan Society.
  • **As of December 2023, all of The Body Shop's current product formulas have been certified by The Vegan Society.