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Avon owner Natura & Co considers sale of The Body Shop as revenue declines - TL;DR CNBC

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.


Sentiment: NEGATIVE

Tickers: OR-FRNTCO-BR

Keywords: l'oreal sabusinessbusiness newsbreaking news: businessretail industrynatura & co holding sa

Source: https://www.cnbc.com/2023/08/28/avon-owner-natura-co-considers-sale-of-the-body-shop.html


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