Follow us twitter facebook
Edition: Global
Click here to subscribe toour free weekly newsletter click here
Industry buzz

Brazil’s anti-trust authority approves the acquisition of Avon by Natura

CADE, Brazil’s anti-trust authority, has approved without restrictions the acquisition of Avon Products, Inc. by Natura & Co, announced the Brazilian beauty giant.

Natura's headquarters in Cajamar, SP, Brazil

Natura’s headquarters in Cajamar, SP, Brazil

Approval by Brazil’s competition authorities is one of the key steps towards the completion of the transaction, which remains subject to the fulfilment of other conditions precedent, including antitrust approval in other applicable jurisdictions.

Announced on May 22, 2019, the transaction will create the world’s fourth-largest pure play beauty company and is a major step in the creation by Natura &Co of a multi-brand, multi-channel, purpose-driven beauty group, which also includes Natura, The Body Shop and Aesop.

The Body Shop was acquired by Natura from L'Oréal in 2017

The Body Shop was acquired by Natura from L’Oréal in 2017

Roberto Marques, Executive Chairman of Natura &Co, declared: "We are very pleased to have received approval without restrictions from Brazil’s competition authority. The process is advancing according to our expectations, and we continue to expect a closing of the transaction by the first quarter of 2020."

info portfolio

  • The Aesop shop on Oscar Freire street in Sao Paulo, Brazil
  • Production of fragrances in Natura's Cajamar plant, Brazil
© 2019 - Premium Beauty News - www.premiumbeautynews.com
latest news
Focus

MakeUp in Los Angeles and Luxe Pack Los Angeles open their doors today

The two events will officially open their doors on February 11th and 12th at Los Angeles Convention Center. MakeUp in Los Angeles, is dedicated to beauty and cosmetic products, trends, and formulation, while Luxe Pack Los Angeles focuses on luxury and high-end packaging solutions for fragrances and personal care products and (...)

read more
job opportunities
Experts’ views
On center stage, the floral bouquet is making its come back

Émilie Coppermann
On center stage, the floral bouquet is making its come back

Just like fashion that is eternally being reinvented, perfumery also works in cycles. And the floral accord is no exception. The very essence of femininity, today floral fragrances are less invasive than in the 1980s, as was the case with Poison by Christian Dior. At the end of the 1990s, floral accords were replaced by clean musky (...)

read more

Features

We use cookies to give you a better browsing experience. By continuing your visit to this site, you accept the use of cookies. Read more and set cookies
close