Natura announces agreement to sell Avon International and reinforces focus on Latin America [Yahoo! Finance]
John Wiley & Sons, Inc. (WLY)
Company Research
Source: Yahoo! Finance
The completion of the transaction is subject to customary conditions, including receipt of required regulatory approvals. Avon Russia is not included in this agreement and remains classified as "held for sale". The sale of Avon International does not affect the company's operations in Latin America, which remain at the core of Natura's strategic priorities. The intellectual property rights and the management of the Avon brand in Latin America remain under Natura's control. By selling these assets, the company moves towards the completion of its corporate simplification cycle, initiated in 2022. "This agreement represents the final steps of the simplification journey initiated three years ago focused on the growth of our operations in Latin America. Avon International has already been implementing a robust transformation agenda, and we believe this journey will be strengthened, resuming sustainable growth of this iconic brand that has transformed the global beauty market over the p
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