THE WHAT? Natura, the Brazilian cosmetics group, plans to merge its listed holding firm, Natura&Co, into its subsidiary, Natura Cosmeticos. The transfer would set up Natura Cosmeticos as the brand new father or mother agency on Brazil’s inventory change, pending a shareholder vote on April 25.
THE DETAILS
- This proposal reverses a 2019 association made after Natura acquired Avon Merchandise.
- CEO Fabio Barbosa and CFO Guilherme Castellan will step down from their present roles; Barbosa will develop into chairman of the brand new father or mother entity whereas Castellan is leaving the group.
- Joao Paulo Ferreira (CEO) and Silvia Vilas Boas (CFO) will stay of their respective positions at Natura Cosmeticos, carrying over to the brand new father or mother agency.
- The corporate has been evaluating options for Avon’s operations outdoors Latin America, which might embody a sale.
- Founders and controlling shareholders again the structural adjustments and plan to remain concerned on the board.
THE WHY? Natura is restructuring to streamline its group after a number of acquisitions—Avon, The Physique Store, and Aesop—that contributed to profitability challenges. By consolidating underneath one entity, the group goals to simplify operations and probably strengthen deal with its core markets.
