Brazil's Natura &Co in talks with IG4 for potential Avon deal-January 2024-www.financetom.com

Brazil's Natura &Co in talks with IG4 for potential Avon deal

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Brazil's Natura &Co in talks with IG4 for potential Avon deal

Feb 20, 2025 5:27 AM

SAO PAULO (Reuters) - Brazilian cosmetics maker Natura &Co said on Thursday that it is in exclusive talks with asset manager IG4 for the potential sale of Avon's operations outside Latin America, but noted the negotiations were still at an early stage.

"The company continues to evaluate other strategic alternatives," it said in a securities filing.

Natura in December said it had resumed studies on what to do with its Avon business outside Latin America, including a possible sale, partnerships or a spinoff.

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