It is not confirmed that this process will result in a transaction.
Natura & Co is reportedly considering a sale of The Body Shop following a decline in net revenue during the second quarter, according to CNBC.
As previously reported by Global Cosmetic Industry, The Body Shop's net revenue was down 11.8% at constant currency (down 25.3% in BRL) in Q2, mainly impacted by post-lockdown channel rebalancing, as the decrease in sales at TBS At Home and e-commerce outpaced the progressive retail recovery.
CNBC reports that a securities filing stated Natura & Co's board of directors "recently authorized its management to explore strategic alternatives for The Body Shop."
It is not confirmed that this process will result in a transaction.
