Avon owner Natura & Co considers sale of The Body Shop as revenue declines
Publishing timestamp: 2023-08-28 12:04:39
Summary
Brazilian beauty conglomerate Natura & Co is considering selling its subsidiary, Body Shop, after experiencing declining sales. The company's board of directors has authorized management to explore strategic alternatives, including a potential sale of the business. Body Shop has faced challenges in maintaining market share and meeting customer demands during the Covid pandemic. The company has attempted to boost digital sales and focus more on skincare products to reverse the sales slump.
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Keywords: l'oreal sa, business, business news, breaking news: business, retail industry, natura & co holding sa,
Source: https://www.cnbc.com/2023/08/28/avon-owner-natura-co-considers-sale-of-the-body-shop.html