|Bid||56.81 x 0|
|Ask||57.08 x 0|
|Day's Range||56.39 - 57.37|
|52 Week Range||25.70 - 62.65|
|Beta (3Y Monthly)||0.80|
|PE Ratio (TTM)||45.75|
|Earnings Date||Aug 8, 2019|
|Forward Dividend & Yield||0.71 (1.18%)|
|1y Target Est||39.48|
By IPO Edge Contributor SmallCapTrader Natura Cosméticos S.A. is emerging as a global cosmetics powerhouse from Brazil to China and is acquiring Avon Products Inc.’s non-U.S. business for $2 billion to cement its global reach The deal will allow Avon investors to trade their ownership in a fading business for a big stake in […]
Brazilian cosmetics firm Natura expects to boost revenue by investing in brand and digital capabilities after sealing a deal to merge with Avon Products and control 76% of the new company, executives said on Thursday. "As it comes to digital transformation, our approach is similar to the one Avon has been following, and we also share the same optimism about the brand," Natura Chief Executive João Paulo Ferreira, said in a call with analysts. Chairman Roberto Marques said it will be necessary to spend around $125 million over the next 36 months to capture cost savings of $150 million to $250 million per year, mainly in Brazil and the rest of Latin America.
Controlling shareholders of Natura, which bought the Body Shop retail chain in 2017, will form a new publicly traded holding company that will offer 0.3 share for every share of London-based Avon, according to a statement. Holders of preferred Avon shares will get $530 million in cash assuming the deal closes in early 2020. Natura shareholders will own about 76% of the merged company, with Avon’s shareholders owning the remainder once the deal is closed.
Brazil's Natura SA said on Wednesday it had reached an agreement to buy rival Avon Products Inc via a share swap, creating the world's fourth-largest beauty company with a redoubled focus on direct sales. Under the terms of the deal, Natura will hold 76% of the combined business with over $10 billion in annual revenue, according to a statement from the Brazilian cosmetics firm. After Natura pushed into high-end retail shops with the acquisitions of Aesop in 2013 and The Body Shop in 2017, the takeover of its biggest rival in direct sales is a renewed bet on the company's core business of door-to-door distribution.
SÃO PAULO and LONDON, May 22, 2019 /PRNewswire/ -- Natura &Co (NATU3.SA) announces that it is acquiring Avon Products, Inc. (AVP) in an all-share transaction, creating the fourth-largest pure-play beauty group in the world and a major force for good in the industry. The group will hold leading positions in relationship selling through Avon´s and Natura's over 6.3 million Consultants and Representatives, a global footprint through 3,200 stores, as well as an expanded digital presence across all companies. Avon and Natura were both founded by mission-driven individuals, reaching customers through a force of independent, primarily female micro-entrepreneurs, who act as brand ambassadors and beauty advisors.
RIO DE JANEIRO (AP) — The Brazilian cosmetics maker Natura announced Wednesday that it is buying Avon Products in an all-stock deal that it valued at $3.7 billion, in move that would create the world's fourth-largest group of beauty products.
Brazil's Natura SA said on Wednesday it has reached an agreement to buy U.S. rival Avon Products Inc in an all-stock deal, creating the world's fourth-largest cosmetics company. Under the terms of the ...
U.S. stocks finish lower Wednesday as lingering trade woes overshadow the release of the minutes from the Federal Reserve’s policy meeting that was largely interpreted as accommodative.
Avon Products Inc. confirmed that it's in "advanced discussions" with Brazilian beauty company Natura Cosmeticos S.A. about Avon's acquisition in an all-stock transaction. "There can be no assurance any transaction will result from these discussions," the statement said. The Wall Street Journal reported on the talks, writing that the boards of both companies have approved the deal. Avon stock soared more than 15% in Wednesday premarket trading on the report. Shares of the beauty company have jumped more than 110% for the year to date, closing Tuesday at $3.20. The S&P 500 index has gained 14.3% for 2019 so far.
The Wall Street Journal reports that Brazil’s Natura Cosmetica and Avon could announce a deal as soon as Wednesday. Avon stock has soared more than 9% on the news.
An index of Latin American currencies rose on Wednesday against the dollar ahead of the release of U.S. Federal Reserve minutes, while a regional equities benchmark was on course for a third straight day ...
Avon Products Inc. (NYSE: AVP ) confirmed Wednesday that it's in advanced talks with Natura Cosmeticos SA about being sold to the Brazilian company in an all-stock transaction. There is no guarantee a ...
Our chart of the day, from Chris Ciovacco, founder and chief executive officer of Ciovacco Capital Management, cites a rare technical moves that points to two more years of gains for the S&P 500.
LONDON , May 22, 2019 /PRNewswire/ -- Avon Products, Inc. (NYSE:AVP) ("the Company"), a globally recognised leader in direct selling of beauty products, today confirmed the Company is in advanced ...
Brazilian makeup brand Natura Cosmeticos SA said on Wednesday it is in advanced talks to acquire U.S. group Avon Products Inc via a share swap. In a statement, Natura said the two parties are negotiating ...
Brazilian makeup brand Natura Cosmeticos SA agreed to buy Avon Products Inc, according to two media reports early on Wednesday. Natura will buy Avon in an all-stock deal that values the U.S. group at more than $2 billion, the Financial Times reported https://on.ft.com/2HMtdu2, citing people familiar with the matter. Reuters reported last week that Natura was close to completing the deal to buy Avon.