Brazil’s Natura is Avon’s logical final house call tombuerkle
Brazil's Natura said on May 22 it had reached an agreement to buy rival Avon Products in an all-share deal valuing the target company's equity at around $2 billion.
Natura's owners will hold 76% of a combined business with over $10 billion in annual revenue, according to a statement from the Brazilian cosmetics firm. The deal is at a premium of around 30 percent to Avon's closing price on May 22, based on Natura's closing price the same day. Including debt, it is worth about $3.7 billion. Natura expects $150 million to $250 million of annual synergies, it said.
Avon is Natura's biggest rival in direct sales. The Brazilian group acquired Aesop in 2013 and The Body Shop in 2017.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Natura agrees to buy Avon, creating cosmetics powerhouseBrazil's Natura SA said on Wednesday it had reached an agreement to buy riv...
Weiterlesen »
U.S. citizen shot dead in Nicaraguan prison was a Navy veteran, critic of President OrtegaEddy Montes, a protestor shot dead in a Nicaragua prison this week, was a natura...
Weiterlesen »
The Billionaire Driving A Brazilian Cosmetics Firm’s Acquisition Of AvonNatura Cosmeticos, the Brazilian cosmetics giant, is in advanced talks to buy American beauty company Avon.
Weiterlesen »
Brazil lower house votes to allow foreign airlines in domestic marketBrazil's lower house of Congress voted on Tuesday to allow foreign-controll...
Weiterlesen »
Natura agrees to buy Avon, creating cosmetics powerhouseBrazil's Natura SA said on Wednesday it had reached an agreement to buy riv...
Weiterlesen »
Brazil lower house votes to allow foreign airlines in domestic marketBrazil's lower house of Congress voted on Tuesday to allow foreign-controll...
Weiterlesen »
The Billionaire Driving A Brazilian Cosmetics Firm’s Acquisition Of AvonNatura Cosmeticos, the Brazilian cosmetics giant, is in advanced talks to buy American beauty company Avon.
Weiterlesen »
Stocks making the biggest moves after hours: L Brands, Avon and NetAppSee which stocks are posting big moves after the bell on Wednesday, May 22.
Weiterlesen »