All articles tagged with #natura
Brazilian cosmetics company Natura has agreed to sell The Body Shop to private equity firm, The Carlyle Group, for £207mn ($265mn). Natura acquired The Body Shop in 2017 for £880mn ($1.1bn) but has struggled to turn around the struggling brand. The sale is part of Natura's strategy to focus on its core business and reduce debt.
Brazilian cosmetics company Natura is reportedly considering the sale of The Body Shop, the British beauty retailer it acquired in 2017, as part of its efforts to streamline its operations and focus on its core business. The potential sale comes as Natura faces challenges in the wake of the COVID-19 pandemic and seeks to reduce debt.
Brazilian cosmetics maker Natura &Co is considering the sale of its subsidiary, The Body Shop, as part of its efforts to improve profitability. The company's board of directors has authorized the search for "strategic alternatives," including a potential sale of the business. Natura recently sold its luxury brand Aesop to L'Oreal and has been focusing on discipline and deleveraging to bring back profitability. Analysts believe that a sale of The Body Shop could positively impact Natura's bottom line in the future.