Consumer
Natura Soars Most Since 2020 With Avon International Sale
People pass a Natura Cosmeticos store in Rio de Janeiro.
Photographer: Dado Galdieri/BloombergNatura Cosmeticos SA jumped the most in over five years after the Brazilian beauty company announced the sale of its Avon International unit, a move that will remove a longstanding operational headache and allow the company to focus on its core brand and products.
The stock rose 16% in Sao Paulo on Thursday, its best session since March 2020, after Natura agreed to sell Avon International to an acquisition vehicle affiliated with Regent.