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THE WHAT? Natura &Co has introduced that it has comply with promote The Physique Store to personal fairness agency, Aurelius for an enterprise worth of £207 million – a far cry from the £880 million buy worth the Brazilian agency is rumored to have paid L’Oreal in 2017. The transaction is predicted to finish earlier than the tip of the yr.
THE DETAILS Aurelius mentioned it was dedicated to sustaining The Physique Store’s long-standing, distinctive values.
“We’re delighted to be enterprise this acquisition of an iconic British model, which pioneered the cruelty-free and pure ingredient motion within the well being and wonder market,” mentioned Tristan Nagler, Accomplice at Aurelius. “We look ahead to working with CEO Ian Bickley and his staff to drive operational enhancements and re-energise the enterprise and assist to ship the following chapter of success.”
THE WHY? Fabio Barbosa, Chief Govt Officer of Natura &Co, commented, “With the sale of The Physique Store, we’re taking one other essential step in Natura &Co’s new growth cycle to unlock important worth. Refocused, deleveraged and leaner, Natura &Co will now be capable to totally think about its core relationship promoting experience in Latin America whereas additionally persevering with the optimization of Avon Worldwide’s footprint and investing in initiatives and improvements that positively influence folks and the planet. We’re happy to have discovered a robust dwelling for The Physique Store to jot down the following chapter in its outstanding story, and we lengthen our sincerest because of all The Physique Store’s associates, who contributed immensely to broadening Natura &Co’s horizons. We want them continued success beneath the stewardship of Aurelius.”
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