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The Body Shop announces a leadership change as David Boynton steps down after five years as Chief Executive, with Ian Bickley appointed interim CEO. The transition comes as The Body Shop aims to accelerate its transformation and return to profitability amidst challenging market conditions. Ian Bickley, an experienced figure in retail, has a history of driving growth and innovation, having worked with brands like Coach and Crocs. His role will involve collaborating with the Executive Leadership Team to refine business strategies and find a permanent successor. The company has rejuvenated nearly 500 products and launched new store concepts under Boynton's leadership, positioning it for future growth.
Natura &Co has announced a significant milestone, reaching an agreement for L'Oréal to acquire its luxury beauty brand Aesop for an enterprise value of
Natura &Co announced its agreement with L'Oréal to sell Aesop for US$ 2.525 billion, a move expected to close in Q3 2023 pending regulatory approvals. This divestment aims to enhance Natura &Co's financial structure, allowing the company to focus on strategic priorities, particularly in Latin America and improving The Body Shop and Avon International. Aesop has demonstrated significant growth under Natura &Co, with sales soaring from US$ 28 million in 2012 to US$ 537 million in 2022, expanding its store count from 52 to 395. Natura &Co reported net revenues of R$36.3 billion in 2022.
Natura &Co reported a resilient Q4 performance with net revenue of
Natura & Co reported second-quarter consolidated net revenue of R$8.7 billion, a slight increase of 0.4% at constant currency compared to the previous year, despite the challenging economic environment. Notable growth was seen in the Natura brand, which achieved 14.8% growth in Latin America. However, net income was negative at R$766 million, and the company faced cost pressures impacting profitability. Aesop continued its robust growth with a 24.5% revenue increase, while Avon and The Body Shop experienced revenue declines. The company emphasized focusing on margin improvement and operational cash flow for the remainder of the year.
Natura &Co reported a consolidated net revenue of R$8.3 billion in Q1-2022, a decline of 4.6% at constant currency and 12.7% in BRL. Net income stood at R$ (643.1) million, with an adjusted EBITDA margin of 7.2%.
Despite challenges from inflation, currency fluctuations, and the war in Ukraine, signs of recovery were noted, including a 5.3% growth for Natura in Latin America and improvements in Avon's fundamentals. Digital sales rose to 50.8% of total revenue. The company reaffirms its 2024 net revenue target of R$47-49 billion and EBITDA margin guidance of 14%-16%.
Natura & Co reported a significant turnaround in financial performance for Q4 2021, with a net income of R$695.4 million, up 292% from R$177.4 million the previous year. The full year net income reached R$1 billion, reversing a loss of R$650.2 million. Consolidated net revenue for Q4 was R$11.6 billion, a slight decline of 3% year-over-year. Digital sales now comprise 52% of total revenue, demonstrating a strong shift towards e-commerce. The company ended the year with a robust cash position of R$6 billion.
Natura &Co (NTCO) reported strong performance in Q2 2021 with net revenues of R$9.5 billion, a 36.2% increase, and net income of R$235 million. Digital sales made up 51% of total revenue. Integration of Avon is progressing well, contributing to 59.3% net revenue growth in Brazil. Adjusted EBITDA rose to R$811.2 million, with a margin of 8.5%. The company aims for high single-digit sales growth by 2023, supported by its sustainability vision.
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Natura & Co reported a robust Q1 2021, with consolidated net revenue of R$9.5 billion, a 25.8% increase in Brazilian Reais. EBITDA surged to R$829.1 million, a growth of 470.7%. Digital sales soared across all brands, with total group online sales up 166%. Avon achieved a 132% rise in global online sales. Natura & Co raised its synergies target from Avon to between US$350 million and US$450 million by 2024. Additionally, a successful US$1 billion sustainability-linked bond was issued, tying environmental targets to financial goals.
