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