Natura to Sell Avon CARD, Explores Options for Avon International

Core Insights - Natura Cosméticos has entered into a binding agreement to sell its Avon business in Central America and the Dominican Republic for a nominal value of $1, plus a receivable payment of $22 million from Avon Guatemala [1][2] - The transaction aims to streamline operations and simplify business focus, allowing Natura to concentrate on integrating Natura and Avon in Latin America [2] - Natura continues to explore strategic alternatives for its Avon International business, which is officially classified as an asset held for sale [3][4] Transaction Details - The sale includes Avon operations in Guatemala, Nicaragua, Panama, Honduras, El Salvador, and the Dominican Republic [1] - Natura will continue supplying finished goods to Avon CARD and will be the licensor of the Avon brand in the region [2] - The transaction is expected to close by October 30 [2] Strategic Direction - Natura has been exploring options for its Avon International business, indicating ongoing strategic evaluations [3][4] - Avon Central America and the Dominican Republic have been reclassified as assets for sale, aligning with Natura's broader strategic review [4]