THE WHAT? Natura &Co has announced that it is assessing a possible separation of Natura &Co Latam and Avon into two independent listed companies. Each entity would be publicly traded and have its own business plans, governance, and management teams.

THE DETAILS If the split goes ahead, Natura would own and operate the Natura brand worldwide with the right to operate the Avon brand in Latin America, while Avon would own and operate the remainder of the Avon business.

THE WHY? Natura &Co said that the assessment was consistent with its ongoing strategy to simplify its corporate structure, following the recent divestments of Aesop and The Body Shop; the separation could better equip each division to pursue more tailored strategies to drive long-term shareholder value.