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NEW YORK — Natura &Co stated Tuesday, concurrent with the discharge of second-quarter outcomes, that its Avon Worldwide enterprise is on the market.
“Strategic options for Avon Worldwide proceed to progress, and all obligatory necessities have been met to categorise the enterprise unit as an asset held on the market,” Natura &Co stated in an announcement.
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Avon Central America and the Dominican Republic, which previously was below Natura &Co Latam, has been reclassified as an asset on the market, as properly.
Natura &Co has — on and off — been exploring choices for Avon’s worldwide enterprise. In late February the group stated it was holding negotiations with IG4 Capital for the potential sale of Avon’s operations outdoors of Latin America. The corporate had printed a securities submitting responding to information on the journal Exame’s web site.
On Dec. 4, 2024, Natura &Co stated it had resumed research of strategic options for Avon’s worldwide enterprise, and that the probabilities included a sale, a partnership or a by-product.
For the second quarter of 2025, Natura &Co posted a internet revenue of 195 million Brazilian reals, or $36.1 million, versus a internet lack of 859 million reals in the identical prior-year interval. That got here on internet gross sales of 5.69 billion reals for the three months ended June 30, which declined 1.7 p.c on a local-currency foundation and have been up 5.5 p.c in constant-currency phrases.
“Natura’s streamlining efforts superior in Q2-25,” Natura &Co stated.
On July 1, the group stated the merger between Natura &Co into Natura Cosméticos SA was full. On the identical time, remaining simplifications have been made to the corporate’s holding construction whereby groups have been solely retained with obligations not already absorbed by the Latam group, such because the board of administrators and investor relations.
“In abstract, this objectively signifies that any longer, our persevering with operations, together with the P&L, money movement and stability sheet, solely mirror the remaining company construction and Natura &Co Latam enterprise,” Natura &Co stated.
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