UPDATE 1-Brazil's Natura sees protests dragging business in Hong Kong [Reuters]
AVON PRODUCTS (AVP)
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Source: Reuters
UPDATE 1-Brazil's Natura sees protests dragging business in Hong Kong (Adds details from conference call, analysts’ comments on Q2, and share performance) By Gabriela Mello SAO PAULO, Aug 15 (Reuters) - Brazilian cosmetics firm Natura&Co sees a stronger performance in its operations in Asia, except for Hong Kong, where both The Body Shop and Aesop brands have been affected by recent protests, executives said on Thursday. In a call to discuss quarterly results, Chief Executive João Paulo Ferreira told analysts that Natura is working to boost businesses, in Asia and plans to double its presence in key markets such as South Korea and Japan. “In terms of The Body Shop, we see a slight decrease in North America, but Asia is having a very strong performance, excluding Hong Kong,” he said, adding that operations of its Australian brand Aesop have also been affected. Natura has more than 50 stores in Hong Kong, operating under the Aesop and The Body Shop brands. Ten weeks of increasingly viol
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