×
249
Fashion Jobs
TALENSETU SERVICES PRIVATE LIMITED
Production Manager
Permanent · Jeddah
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager-Jamui / Jehanabad/Nawada
Permanent · Jahanabad
STERLING MANUFACTURING COMPANY
Area Sales Manager Electrical Goods, Home Appliance All Over India
Permanent · Ranchi
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Uttarakhand)
Permanent · Uttarkashi
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager - Jharkhand (Only Males)
Permanent · Ranchi
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager-Vaishali/ Khagaria/ Begusarai
Permanent · Begusarai
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (mp) All District
Permanent · Bhopal
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager - Jharkhand (Only Males)
Permanent · Deoghar
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager-Saran/ Madhubani/Saharsa
Permanent · Saharsa
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Rajasthan) All District
Permanent · Udaipur
GLOBAL TEXTILES ALLIANCE INDIA PVT LTD
Manager - Production Knitting
Permanent · Coimbatore
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager-Banka/ Kaimur/Patna
Permanent · Ottawa
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Bihar All District)
Permanent · Katihar
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Jharkhand All District)
Permanent · Ranchi
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager - Kanpur / Mirzapur / Allahabad
Permanent · Prayagraj
MEDLEY PHARMACEUTICALS LTD
District Sales Manager(Asm) - Chennai
Permanent · Chennai
MUMBAI ROZGAAR PRIVATE LIMITED
Hiring For Sales Manager in Edutech Company- (Gurgaon/Gurugram)
Permanent · Gurugram
GANGAR OPTICIANS PVT. LTD.
Opening For Area Manager(From Opticals) For Central Mumbai
Permanent · Mumbai
DR. JRK'S RESEARCH AND PHARMACEUTICALS PVT LTD.
Area Sales Manager (Pharma Experience is Must) - Jaipur
Permanent · Jaipur
ELICO MECHOPTRONIX PVT LTD
Requirement For Manager/sr. Manager - Operations (Mechanical)
Permanent · Hyderabad
MEDLEY PHARMACEUTICALS LTD
District Sales Manager(Asm) - Davangere
Permanent · Davanagere
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager-Gaya/ Munger/Sheikhpura
Permanent · Gaya
Published
May 23, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Brazil's Natura acquires Avon Products

Published
May 23, 2019

Brazil’s Natura said on Wednesday it has finalised an agreement to buy U.S. cosmetics competitor Avon Products, making it the world’s fourth-largest cosmetics company.

Avon


Under the terms of the agreement, Natura shareholders will hold 76% of the combined company with annual revenue over $10 billion, according to a filing issued late on Wednesday.

As part of this transaction, a new Brazilian holding company, Natura Holding S.A., has been created, added the South American company.

The mega cosmetic group will have a combined 6.3 million consultants and representatives, a global footprint through 3,200 stores, as well as an expanded digital presence across all companies, it added.

The deal is expected to generate annual cost savings of $150 million to $250 million, Natura added. Avon Products shares were up 9 percent at end of trade to $3.49.

Avon Products has been facing global sales headwinds of late. Earlier this month, Avon said it missed first-quarter revenue estimates, hurt by lower number of direct sales representatives in Europe, Middle East & Africa and South Latin America.

For the quarter, total revenue fell 15 percent to $1.19 billion and missed analysts' average estimate of $1.24 billion, according to IBES data from Refinitiv.

In April, the company's struggling North America subsidiary, Avon North America, was sold by investment firm Cerberus Capital Management to LG Household & Health Care for $125 million.

In 2017, Natura acquired L'Oreal's The Body Shop for around $1 billion.

Natura & Co.'s portfolio includes Natura, The Body Shop and Aesop, in addition to newly signed on Avon.

Copyright © 2021 FashionNetwork.com All rights reserved.