The Brazilian cosmetics company is on track to meet its 2023 revenue goals as its performance received a boost.
The luxury skin care company, now a certified B-Corp, has been forced to swiftly rethink how it reaches its customers during the pandemic. Chief Executive Michael O’Keeffe lays out its strategy.
The Aesop and The Body Shop owner has promised to keep its 40,000 workers in employment for at least two months.
This week, Kylie Jenner’s namesake cosmetics line names its CEO, while Lululemon taps a former Nike executive for chief brand officer.
Natura Executive Chairman Roberto Marques will take over as head of the US cosmetics maker.
This week, Balmain announces Massimo Piombini’s successor, while Kering appoints a group executive to the helm of Brioni.
Natura, which also owns Aesop, aims to find a way of increasing its China presence without testing its products on animals.
The Brazilian cosmetics group, which counts Aesop and The Body Shop among its brands, posted net revenue of 3.4 billion reais, up 9.8 percent from the previous year.
The transaction, valued at $3.7 billion, will position the Brazilian cosmetics company as a growing force in the booming global cosmetics and skincare industry.
The cosmetics company intends to invest in new brands in beauty and wellness segments in Europe and the United States through venture capital funds.
The deal will offer digital checking accounts and other banking services to Natura's 1 million sellers.