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Natura & Co To Close Acquisition Of Avon
Avon Products Says Jan Zijderveld Will Step Down As Chief Executive Officer
Natura & Co Holding SA is a Brazil-based cosmetics manufacturing company. It owns research and development labs and produces its products in proprietary plants and in third party facilities. It operates globally by distributing its products through a network of sellers, owned and franchised stores. The Company’s brand portfolio includes Natura, The Body Shop and Aesop, which represent also the Company’s business segments. The segment Natura, additionally, is divided into three geographical subsegments: Natura Brasil, Natura LATAM and Natura Others covering the rest of the world.
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Brazilian cosmetics company Grupo Boticario is considering domestic and foreign acquisitions as industry competition intensifies, its chief executive said on Thursday.
Brazilian cosmetics group Natura & Co <NTCO3.SA> on Monday lifted its cost savings target for its takeover of Avon Products <AVP.N> as it begins integrating the world's fourth-largest beauty group.
Brazil cosmetics group Natura & Co has raised its estimates for annual cost-savings stemming from the combination with Avon Products, but is still calculating potential revenue synergies, executives said on Monday.
Brazilian personal care cosmetics maker Natura & Co Holding SA <NTCO3.SA> on Friday named Executive Chairman Roberto Marques as group chief executive officer after closing its acquisition of Avon Products Inc <AVP.N>.
The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Friday:
Avon Products Inc Chief Executive Officer Jan Zijderveld has stepped down, the U.S. cosmetics maker said on Friday as it works on closing its sale to Brazilian personal care cosmetics group Natura & Co Holding SA .
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