Natura News

Natura Names Alessandro Carlucci CEO Effective October 1 as Ferreira Departs

Press Release | 8/31/2026

SAO PAULO, Brazil -- August 31, 2026

Natura said Alessandro Carlucci will become chief executive officer on October 1, 2026, succeeding Joao Paulo Ferreira, who will leave the company on September 30 after a decade in the role.

Carlucci had been chairman of the board and a director since 2025, and previously served as Natura CEO from 2005 to 2014 after a long executive career at the company. Fabio Barbosa will return as chairman of the board of directors.

Natura said that under Ferreira the company became multichannel, expanded in Hispanic markets and roughly tripled revenue, with more than 2.8 million beauty consultants and more than 1,200 stores. Carlucci said the focus will be on accelerating execution of the strategy already under way.

Natura Shareholders Approve Advent Board Seats and Tender Offer Waiver

Npros.com | 8/27/2026

SAO PAULO, Brazil -- August 27, 2026

Natura shareholders approved measures tied to Advent International's Lotus fund investment, including a waiver related to a mandatory tender offer trigger and an expansion of the board to elect two additional directors nominated in connection with Advent.

Advent's Juan Pablo Zucchini and Rafael Patury Carneiro Leao were elected after Lotus reached the minimum 8% stake contemplated in the binding commitment disclosed earlier in 2026. The meetings also addressed a new stock-option program and amendments reflecting a new shareholders agreement with the investor alongside the existing controlling group holding about 38.8%.

The Advent partnership had been outlined when Natura disclosed governance changes earlier in the year. The August 27 votes completed key conditions for Advent's board representation.

Natura Second Quarter Revenue Is 5.2 Billion Reais as Brazil Softens

Press Release | 8/10/2026

SAO PAULO, Brazil -- August 10, 2026

Natura reported second-quarter 2026 revenue of 5.2 billion Brazilian reais, saying Brazil was pressured by product unavailability, temporary tax mismatches and a subdued consumption environment, while Hispanic America grew 7.2% in constant currency.

Consolidated EBITDA was 620 million reais with a 12.0% margin, up 470 basis points sequentially, or 13.2% excluding the tax mismatch impact. Free cash flow to firm was a positive 342 million reais, and leverage stood at 2.06 times. In Hispanic markets, Natura brand sales grew 12.3% and Avon grew 4.7%, with regional EBITDA margin of 7.6%, up 220 basis points year over year.

CEO Joao Paulo Ferreira said operational challenges stemmed from digital and logistics investments and channel realignment that caused greater product shortages than expected. The company said it no longer expects expansion versus 2025 for the adjusted margin while maintaining outlook for free cash flow to firm to exceed the prior year.

Natura First Quarter Net Revenue Is 4.7 Billion Reais as Brazil Softens

Press Release | 5/11/2026

SAO PAULO, Brazil -- May 11, 2026

Natura reported first-quarter 2026 net revenue of 4.7 billion reais and EBITDA of 346 million reais, for a 7.3% margin, saying Brazil and Argentina weighed on results while other Hispanic markets performed better.

The company said Brazil faced a macroeconomic slowdown and lower consultant activity, though it gained market share on sell-out growth and a sequential rise in beauty consultants. Brazil digital sales rose 23.6% and retail revenue rose 14.3%. Excluding Argentina, other Hispanic markets were solid, and the Natura brand grew 7% in constant currency across the Hispanic region. Avon relaunches in Brazil and Mexico began in March.

Cash flow was a negative 315 million reais, which Natura said was broadly neutral excluding 330 million reais of extraordinary costs tied to its new operating model. CEO Joao Paulo Ferreira said the model is in place and the focus is sustainable revenue growth and higher profitability.

Natura Shareholders Approve New Board Slate and Advisory Board for Founders

Press Release | 4/29/2026

SAO PAULO, Brazil -- April 29, 2026

Natura Cosmeticos shareholders approved a reconfigured board of directors and the creation of a statutory Advisory Board at the company's ordinary and extraordinary general meeting, completing the governance changes outlined when the founders said they would leave the board.

The approved board slate includes Alessandro Giuseppe Carlucci, Flavia Buarque de Almeida, Gabriela Chaves Schwery Comazzetto, Guilherme Ruggiero Passos, CEO Joao Paulo Brotto Ferreira Goncalves, Luiz Francisco Guerra, Maria Eduarda Mascarenhas Kertesz and Pedro Cruz Villares. Shareholders also approved the independence status of Carlucci and other independent nominees and elected an Advisory Board slate of founders Antonio Luiz da Cunha Seabra, Guilherme Peirao Leal and Pedro Luiz Barreiros Passos, along with Fabio Colletti Barbosa.

The Advisory Board was approved as a body without executive functions or power to represent the company, intended to preserve Natura's purpose, values and culture. The March announcement of the founders' board exit had also disclosed Advent International's binding plan to buy an 8% to 10% stake.

Natura Founders Leave Board as Advent Plans 8 to 10 Percent Stake

Press Release | 3/30/2026

SAO PAULO, Brazil -- March 30, 2026

Natura announced a reconfiguration of its board of directors under which co-founders Luiz Seabra, Guilherme Leal and Pedro Passos, who signed a new 10-year shareholders' agreement, will leave the board and join a new advisory board with no decision-making role. Chairman Fabio Barbosa will also step down and join the advisory board, and Alessandro Carlucci was nominated to become chairman.

The proposed board adds five new members, Pedro Villares, Guilherme Passos, Luiz Guerra, Flavia Almeida and Gabriela Comazzetto, while director Duda Kertesz and Chief Executive Joao Paulo Ferreira remain. Bruno Rocha and Gilberto Mifano will leave the board, with Mifano continuing to chair the audit and finance committee. Shareholders will vote on the changes at a meeting on April 29.

Natura also said a fund managed by private equity firm Advent International has committed to acquire an 8 percent to 10 percent stake in the company within up to six months, at a target average price of 9.75 reais per share, with the right to nominate two board members.

Natura Reports Fourth Straight Year of Margin Gains After Completing Corporate Streamlining

Press Release | 3/16/2026

SAO PAULO, Brazil -- March 16, 2026

Natura reported fourth-quarter 2025 net revenue of 6.2 billion reais, down 12.1 percent from a year earlier and 3.4 percent in constant currency. The recurring EBITDA margin rose 700 basis points to 15.8 percent, with Latin America at 16.1 percent, and the full-year recurring margin improved 130 basis points to 14.6 percent.

Fourth-quarter net income from continuing operations was 186 million reais, or 620 million reais excluding a 434 million reais provision on a receivable related to The Body Shop. For the full year, net income from continuing operations was 463 million reais, or 974 million reais excluding the provision. Leverage ended at 1.31 times excluding The Body Shop. Digital revenue in Brazil rose 24.5 percent, and the recurring margin in the Hispanic Latin American markets improved 810 basis points to 7.5 percent.

The company said it began relaunching the Avon brand in Brazil and Mexico in March, following its sale of Avon International to Regent and of Avon Russia. "We have delivered on our commitment to expanding annual profitability, marking the fourth consecutive year of margin improvement," said Chief Executive Joao Paulo Ferreira.

Natura &Co Agrees to Sell Aesop to L'Oréal for 2.525 Billion Dollars

Press Release | 4/3/2023

SÃO PAULO, April 3, 2023 --

Natura &Co Holding said it agreed to sell luxury beauty brand Aesop to L'Oréal for an enterprise value of 2.525 billion dollars. The deal remained subject to customary regulatory approvals and was expected to close in the third quarter of 2023.

Group chief executive Fabio Barbosa said the divestment would strengthen and deleverage Natura &Co's balance sheet and free resources for strategic priorities, including Latin America integration, further optimization of Avon International's footprint, and improvement of The Body Shop's business. Aesop's gross sales grew from 28 million dollars in 2012, when Natura acquired it, to 537 million dollars in 2022, with stores and counters expanding from 52 to 395 across 29 markets.

Natura &Co is a Brazil-based multi-brand cosmetics group that includes Avon, Natura, The Body Shop and Aesop; Aesop was later classified as discontinued operations after the announcement.

Natura &Co Posts Fourth Quarter Sales Growth in Constant Currency; Widens Net Loss

Press Release | 3/13/2023

São Paulo, March 13, 2023 --

Natura &Co Holding reported fourth-quarter 2022 consolidated net revenue of 10.4 billion reais, up 3.0 percent at constant currency but down 10.8 percent in reais. Adjusted EBITDA was 1.095 billion reais with a 10.5 percent margin, down 280 basis points. The quarter's net loss attributable to controlling shareholders was 890 million reais.

Full-year revenue was 36.3 billion reais, down 9.5 percent in reais and up 0.4 percent in constant currency, with adjusted EBITDA of 3.16 billion reais. Net debt excluding leasing improved to 7.4 billion reais from 8.8 billion reais in the prior quarter on better working capital and cash-tax dynamics. Group chief executive Fabio Barbosa said the company reassessed its growth model mid-2022 to prioritize profitability, cash conversion, cost structure and footprint.

Natura &Co said it is accelerating Natura-Avon integration in Latin America, evaluating strategic alternatives for Aesop including a possible stake sale, optimizing Avon International's geographic footprint, and rightsizing The Body Shop.

Natura &Co Confirms It Is Evaluating Minority Stake Sale in Aesop

Press Release | 11/30/2022

Natura &Co Holding said in a notice to the market that it is evaluating the potential sale of a minority stake in its Aesop luxury skincare brand, in addition to the IPO and spin-off alternatives it had been studying.

The company said the process is at an early and confidential stage of consultations and that no terms have been defined. The board will decide on the best course after evaluating all alternatives, and an IPO or spin-off remains possible.

Natura &Co announced in October that it was studying a separation of Aesop to fund the brand's accelerated growth and give each of its businesses more autonomy.

Natura &Co Posts Third Quarter Net Loss and Withdraws Guidance

Press Release | 11/9/2022

Natura &Co Holding reported third-quarter 2022 consolidated revenue of 9.0 billion reais, down 5.7 percent in reais and up 2.2 percent in constant currency. Natura &Co Latam rose 10.2 percent and Aesop 21.5 percent in constant currency, while The Body Shop fell 19.5 percent and Avon International declined 8.1 percent, or 3.1 percent excluding Russia and Ukraine. The group posted a net loss of 560 million reais compared with net income of 273 million reais a year earlier. Adjusted EBITDA was 773 million reais with an 8.6 percent margin, and net debt was 8.8 billion reais.

In a same-day material fact, the company withdrew its previously disclosed guidance for consolidated revenue, EBITDA margin, net debt ratio, Avon International margin and investment, and Avon synergies.

Chief executive Fabio Barbosa outlined steps including integrating Avon and Natura in Latin America starting in Peru and Colombia in 2023 before Brazil, changes to Avon's footprint in markets such as India and Saudi Arabia, the closure of Avon's Suffern research site, IT outsourcing and rightsizing at The Body Shop.

Natura &Co Studies Aesop IPO or Spin-Off

SEC Filing | 10/17/2022

Natura &Co Holding said its board of directors authorized management to carry out a comparative study of a potential initial public offering of Aesop versus a spin-off of the luxury skincare brand, which could be followed by a public offering. Under the structures being studied, Aesop would be held by a U.S.-listed holding company led by Aesop chief executive Michael O'Keeffe.

The company said any transaction would require a corporate reorganization and could require approvals from shareholders, creditors and regulators. The goal is to fund Aesop's accelerated growth and give each of the group's brands greater autonomy. No decision had been made on the structure or timing.

Natura &Co owns Natura, Avon, The Body Shop and Aesop, and relies heavily on direct-selling consultants and representatives in Latin America and elsewhere.

Natura Group Second Quarter Revenue Holds Flat in Constant Currency

Press Release | 8/11/2022

Natura &Co said second-quarter 2022 consolidated net revenue was 8.7 billion reais, up 0.4 percent at constant currency and down 8.6 percent in reais. Adjusted EBITDA margin was 8.0 percent, down 50 basis points. The group reported a net loss of about 766 million reais and ended the quarter with net cash of 4.3 billion reais.

Natura &Co Latam revenue rose 5.6 percent at constant currency, led by the Natura brand, while Avon International and The Body Shop declined and Aesop grew 24.5 percent at constant currency. Group chief executive Fabio Barbosa, in his first weeks in the role, said the holding company would be made lighter and leaner, with mapped annualized corporate-expense savings of at least 40 percent if changes had applied last year, and that margin and operating cash flow were immediate priorities.

Natura Group CEO Roberto Marques Steps Down in Reorganization

Press Release | 6/15/2022

Natura &Co said it would reorganize into a simpler holding-company structure giving more accountability to its Natura, Avon, The Body Shop, and Aesop business units. Group chief executive and executive chairman Roberto Marques is stepping down from those roles, remaining on the board during the transition and planning to retire by year-end.

Non-executive director Fabio Barbosa, chairman of the People Committee, will lead the group and a workstream to define the new corporate structure. Roles such as sustainable growth officer and chief transformation officer will no longer exist or will be revisited. Founder Guilherme Leal said the board supports more autonomy for each business after a period of transformative acquisitions and integration.

Natura Group First Quarter Revenue Falls as Avon Transformation Continues

Press Release | 5/5/2022

Natura &Co said first-quarter 2022 consolidated net revenue was 8.3 billion reais, down 12.7 percent in reais and 4.6 percent at constant currency. Adjusted EBITDA margin was 7.2 percent, and net income was a loss of 643.1 million reais. The group ended the quarter with net cash of 4.5 billion reais.

Executive chairman and group chief executive Roberto Marques said inflation, supply-chain costs, currency moves, the war in Ukraine, and Avon transformation steps weighed on results, while Natura resumed growth in Brazil and Aesop revenue rose 21.3 percent at constant currency. The company reaffirmed a 2024 EBITDA margin target of 14 to 16 percent but pushed its revenue and leverage targets to 2024 from 2023.

Natura Group Full Year Net Income Reaches 1 Billion Reais

Press Release | 3/9/2022

Natura &Co said fourth-quarter 2021 consolidated net revenue was 11.6 billion reais, down 3.0 percent, while net income rose 292 percent to 695.4 million reais. Full-year net revenue rose 8.8 percent to 40.1 billion reais, and net income reached 1 billion reais, reversing a prior-year loss. Adjusted EBITDA margin rose 90 basis points in the fourth quarter to 13.3 percent. Digitally enabled sales reached 52 percent of total revenue.

The group said Avon integration synergies were ahead of plan, with nearly half of the overall target achieved by year-end. Avon brand revenue in Latam fell 12.3 percent in the fourth quarter but rose 6.6 percent for the year. The company said it was suspending The Body Shop and Aesop operations in Russia via head franchises and suspending Avon exports while supporting local representatives. Cash ended the year at about 6 billion reais.

Natura Group Third Quarter Revenue Falls 4.2 Percent to 9.5 Billion Reais

Npros.com | 11/15/2021

Natura and Co reported third quarter consolidated net revenue of 9.5 billion reais, down 4.2 percent from a record comparison a year earlier, when the group had grown more than 20 percent. For the first nine months, net revenue rose 14.4 percent to 28.5 billion reais. Nine-month net income was 352.6 million reais, reversing a loss of 827.6 million reais in the same period of 2020. The adjusted EBITDA margin for those nine months was 9.1 percent.

The group said it would repurchase up to 1.5 billion reais of shares and was studying a move to the New York Stock Exchange while keeping a dual listing through Brazilian depositary receipts. Online sales and social selling were 52 percent of revenue. Avon total sales for the first nine months rose 10.7 percent, the first such nine-month gain in five years, while Avon International third quarter net revenue fell 14.3 percent. The Body Shop third quarter net revenue rose 0.4 percent.

Executive chairman and group chief executive Roberto Marques said integration of Avon continued, including a new commercial model, and that Aesop was preparing a China entry. He said every brand posted nine-month growth despite pandemic headwinds.

Natura Group Second Quarter Revenue Rises 36 Percent to 9.5 Billion Reais

Press Release | 8/12/2021

Natura and Co reported second-quarter consolidated net revenue of 9.5 billion reais, up 36.2 percent in Brazilian reais and 31.7 percent in constant currency. Net income was 235 million reais. Adjusted EBITDA, excluding transformation costs, synergy costs, Avon acquisition effects, and other non-recurring items, rose 31.9 percent to 811.2 million reais, an 8.5 percent margin.

The group said all four businesses grew at a double-digit rate, including Avon in Latin America and Avon International. Digitally enabled sales, covering e-commerce, social selling, and relationship selling on the main apps, were 51 percent of revenue. Online sales were about four times the second quarter of 2019 and 10 percent of total sales. The payments platform Co Pay had more than 220,000 accounts in Brazil after a 50 percent increase in six months, with first-half payment volume near 2.0 billion reais.

Avon integration continued, with first-half synergies of 76.5 million dollars, in line with estimates. The group said representative satisfaction rose and that pilots of a new commercial model showed early positive results. Adjusted EBITDA margin was 30 basis points lower than a year earlier because the 2020 quarter had one-time cost cuts and government support. Excluding those effects, the company said the margin would have improved by 210 basis points.

Natura Group First Quarter Revenue Rises 26 Percent as Digital Sales Surge

Press Release | 5/12/2021

Natura and Co reported first-quarter consolidated net revenue of 9.5 billion Brazilian reais, up 25.8 percent in reais and 8.1 percent at constant currency. Reported EBITDA rose 470.7 percent to 829.1 million reais. Adjusted EBITDA rose 68.5 percent to 963.2 million reais.

Executive chairman and group chief executive Roberto Marques said all four brands grew in reais and that digital and online sales helped the group beat the global cosmetics market. Total online sales rose 166 percent. Natura brand digital sales rose 253 percent, and Avon global online sales rose 132 percent.

Natura and Co Latam revenue rose 24.6 percent in reais. The Natura brand rose 29.6 percent and Avon Latam rose 20.0 percent. Avon International revenue rose 11.4 percent in reais. The company also said it raised Avon synergy targets to between 350 million and 450 million U.S. dollars by 2024 and completed a 1 billion U.S. dollar sustainability-linked bond issue.

Natura Group Fourth Quarter Revenue Rises 24 Percent and Profit Triples

Press Release | 3/4/2021

Natura and Co reported fourth-quarter consolidated net revenue of 12 billion Brazilian reais, up 24.3 percent in reais and 6.4 percent at constant currency. Net income rose 200.7 percent to 177.4 million reais. Adjusted EBITDA rose 12.3 percent to 1.5 billion reais. The group includes the Natura brand, Avon, The Body Shop, and Aesop.

Group digital sales rose 79 percent, and every brand posted its highest e-commerce sales. Avon e-brochure revenue rose nearly 90 percent from the fourth quarter of 2019. In Latin America, the Natura brand net revenue rose 24.7 percent in reais, and the Avon brand rose 16.2 percent. Avon International net revenue rose 12.1 percent in reais, including a third straight quarter of market-share gains in the United Kingdom on a constant-currency basis.

One year after Avon joined the group, integration synergies were 25.5 million dollars in the quarter and 73.3 million dollars for the full year, ahead of the company estimate. A new Avon commercial model is being rolled out. Full-year 2020 group net revenue was 36.9 billion reais.

Executive chairman and group chief executive Roberto Marques said a fast shift to digital social selling and e-commerce offset store closures and let the group outperform the cosmetics, fragrance, and toiletries market. The group also said it became a certified B Corporation, which it called the largest such company, and that it completed a 1 billion dollar capital raise that left net debt at 0.97 times EBITDA.