Natura
October 17, 2022
Natura &Co Holding said its board of directors authorized management to carry out a comparative study of a potential initial public offering of Aesop versus a spin-off of the luxury skincare brand, which could be followed by a public offering. Under the structures being studied, Aesop would be held by a U.S.-listed holding company led by Aesop chief executive Michael O'Keeffe.
The company said any transaction would require a corporate reorganization and could require approvals from shareholders, creditors and regulators. The goal is to fund Aesop's accelerated growth and give each of the group's brands greater autonomy. No decision had been made on the structure or timing.
Natura &Co owns Natura, Avon, The Body Shop and Aesop, and relies heavily on direct-selling consultants and representatives in Latin America and elsewhere.