Natura &Co (B3: NTCO3) is a publicly listed company headquartered in São Paulo, Brazil that owns 3 consumer brands, and has 1 recorded transaction.[1]
Natura was founded in São Paulo in 1969 and built the largest direct-selling cosmetics business in Latin America, with millions of consultants. It bought The Body Shop and Avon in a rapid expansion that it has since largely unwound, selling Aesop to L'Oréal and The Body Shop in 2023.
L'Oréal acquired the Australian skincare brand Aesop from Natura &Co for $2.525 billion, its largest acquisition. Natura sold to reduce the debt it had taken on buying Avon and The Body Shop, so one group's retrenchment funded another's expansion.