Reported 1 day ago
Natura Cosméticos has finalized a deal to sell Avon CARD, which operates in several Central American countries, to Grupo PDC for a nominal fee of $1. The agreement includes the collection of a $22 million receivable from Avon Guatemala and commitments for Natura to provide goods and licensing in the region. This move is part of Natura's strategy to streamline operations and focuses on integrating its brands in Latin America. The transaction is expected to conclude by October 30, while Natura continues to explore strategic alternatives for its international Avon business.
Source: YAHOO