SAO PAULO - Natura &Co (NYSE:NTCO; B3:NTCO3), the parent company of Natura and Avon, is exploring the possibility of separating its operations into two independent, publicly traded companies. The company's Board of Directors has given the green light for management to evaluate the potential division, which aims to streamline operations and enhance shareholder value.
If the separation proceeds, it would create two distinct entities: Natura, which would manage the Natura brand globally and retain rights to the Avon brand in Latin America, and Avon, which would oversee the Avon brand's diversified business outside Latin America. The initiative is part of Natura &Co's strategy to simplify its corporate structure and grant more autonomy to its business units.
Natura would continue its focus on sustainability and maintain its presence in Latin America, while Avon would leverage its strong heritage in beauty and personal care innovation and its mission to empower women worldwide.
As the assessment of the possible separation is underway, Natura &Co is simultaneously advancing Avon's turnaround strategy and integrating the Natura and Avon brands within Latin America. This move reflects the company's ongoing commitment to its consultants, representatives, and employees, who number in the millions globally.
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