SAO PAULO, Dec 4 (Reuters) - Brazilian cosmetics maker

Natura&Co will once again start to weigh what to do

with its Avon business outside Latin America, it said in a

securities filing on Wednesday.

Natura had halted those plans in August, when its Avon

Products unit, a U.S.-based non-operating holding that it bought

in 2020 as part of its acquisition of Avon, filed for Chapter 11

bankruptcy protection.

Natura said on Wednesday that a U.S. court overseeing the

bankruptcy proceedings approved a previously announced agreement

between Natura and Avon Products creditors, as well as a deal

over Avon's operations outside the U.S., allowing for Natura to

again resume its analysis of what to do with the unit.

Natura said its options for the Avon business outside Latin

America could include partnerships, a spin-off or a sale.

Natura had first announced in February it was mulling its

options, which could spawn a new listed firm managing the

business.

Avon's U.S. business, which was never owned by Natura, would

be not a part of the deal.