Brazilian cosmetics group Natura & Co on Monday lifted its cost savings target f...
Natura & Co is not ready to disclose the deal’s impact on revenue, as the company is “still quantifying potential opportunities as we speak,” Marques told analysts and investors on a call.
By acquiring Avon, Natura & Co, which also owns the Natura, Aesop and The Body Shop brands, strengthened its door-to-door sales model, increasing its third-party “consultants” to 6.3 million globally from 1.7 million. The 50-year-old company has also expanded its footprint to reach some 200 million consumers in 100 countries compared with 73 countries before.
Natura & Co will host a second event in New York in October or November to unveil a combined strategic business plan, Marques said.
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