Latest news with #AvonInternational
Yahoo
12-08-2025
- Business
- Yahoo
Avon International Is for Sale
NEW YORK — Natura &Co said Tuesday, concurrent with the release of second-quarter results, that its Avon International business is for sale. 'Strategic alternatives for Avon International continue to progress, and all necessary requirements were met to classify the business unit as an asset held for sale,' Natura &Co said in a statement. More from WWD John Lewis Pledges Multimillion-pound Investment in Beauty, Scores Fenty Beauty Partnership The Martones: The First Family of Made-in-Italy Fragrances Dyson Launches Omega, First Hair Care Range With 'Homegrown' Ingredient Avon Central America and the Dominican Republic, which formerly was under Natura &Co Latam, has been reclassified as an asset for sale, as well. Natura &Co has — on and off — been exploring options for Avon's international business. In late February the group said it was holding negotiations with IG4 Capital for the potential sale of Avon's operations outside of Latin America. The company had published a securities filing responding to news on the magazine Exame's website. On Dec. 4, 2024, Natura &Co said it had resumed studies of strategic alternatives for Avon's international business, and that the possibilities included a sale, a partnership or a spinoff. For the second quarter of 2025, Natura &Co posted a net profit of 195 million Brazilian reals, or $36.1 million, versus a net loss of 859 million reals in the same prior-year period. That came on net sales of 5.69 billion reals for the three months ended June 30, which declined 1.7 percent on a local-currency basis and were up 5.5 percent in constant-currency terms. 'Natura's streamlining efforts advanced in Q2-25,' Natura &Co said. On July 1, the group said the merger between Natura &Co into Natura Cosméticos SA was complete. At the same time, final simplifications were made to the company's holding structure whereby teams were only retained with responsibilities not already absorbed by the Latam organization, such as the board of directors and investor relations. 'In summary, this objectively means that from now on, our continuing operations, including the P&L, cash flow and balance sheet, exclusively reflect the remaining corporate structure and Natura &Co Latam business,' Natura &Co said. Best of WWD Which Celebrity Brands Are Next for a Major Deal? Lady Gaga, Beyonce and More Possible Contenders for the Next Corporate Prize The Best Makeup Looks in Golden Globes History A Look Back at Golden Globes Best Makeup on the Red Carpet, From Megan Fox to Sophia Loren [PHOTOS] Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
12-08-2025
- Business
- Reuters
Natura swings to profit in Q2; Avon International 'held for sale'
SAO PAULO, Aug 11 (Reuters) - Brazilian cosmetics maker Natura ( opens new tab on Monday posted a second quarter net profit swung back into the black, in an earnings report that excluded Avon International, a major business arm that Natura is looking to sell off. Net profit for the three months through the end of June landed at 195 million reais ($35.8 million), reversing the 859 million real net loss it logged from the same period last year. Natura said in its earnings report it had decided to reclassify its Avon International unit, which aggregates its Avon businesses outside Latin America, as an asset "held for sale". Natura has been "weighing alternatives" for Avon International, which generated about 20% of Natura's total net revenue in the first quarter and had been posting lower margins than the group's Latin American operations. Due to the reclassification, the unit was not included in the second-quarter earnings report. Avon businesses in the Dominican Republic and Central America were also reclassified under this label, Natura said. Excluding the reclassified business, Natura's core earnings - as measured by recurring earnings before interest, taxes, depreciation and amortization (EBITDA) - stood at 795.6 million reais in the second quarter, up 4.5% year-on-year. Revenues nevertheless dipped 1.7% to 5.7 billion reais, below the 7.5 billion reais predicted by analysts polled by LSEG. It was not immediately clear if the numbers were comparable, due to the reclassification. ($1 = 5.4421 reais)
Yahoo
11-08-2025
- Business
- Yahoo
Brazil cosmetic maker Natura swings to profit in Q2
SAO PAULO (Reuters) -Brazilian cosmetic maker Natura posted on Monday a second-quarter net profit of 195 million reais ($35.8 million), reversing a 859 million real net loss from the same period last year. Core earnings, as measured by recurring earnings before interest, taxes, depreciation and amortization (EBITDA), stood at 795.6 million reais, up 4.5% year-on-year. In the earnings report, the company said it reclassified Avon International and Avon CARD as assets kept for sale. ($1 = 5.4421 reais)
Reuters
11-08-2025
- Business
- Reuters
Brazil cosmetic maker Natura swings to profit in Q2
SAO PAULO, Aug 11 (Reuters) - Brazilian cosmetic maker Natura ( opens new tab posted on Monday a second-quarter net profit of 195 million reais ($35.8 million), reversing a 859 million real net loss from the same period last year. Core earnings, as measured by recurring earnings before interest, taxes, depreciation and amortization (EBITDA), stood at 795.6 million reais, up 4.5% year-on-year. In the earnings report, the company said it reclassified Avon International and Avon CARD as assets kept for sale. ($1 = 5.4421 reais)
