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Industry buzz

Natura continues purchasing talks with Avon and seeks financial support

While rumours about a possible acquisition of Avon by Natura, the Brazilian cosmetics giant has confirmed that discussions continue with the American brand.

Avon Brasil on Instagram 2019 © Instagram / @avonbrasil

Avon Brasil on Instagram 2019 © Instagram / @avonbrasil

"In the context of this potential transaction, [Natura] has been holding discussions with financial institutions in order to obtain the financial support that may be necessary," the company said. However, "no letter of commitment with any financial institution was signed," the company added.

Avon Brasil on Instagram 2019 © Instagram / @avonbrasil

Avon Brasil on Instagram 2019 © Instagram / @avonbrasil

© 2019 - Brazil Beauty News - www.brazilbeautynews.com

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