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HomeFashionNatura & Co. Plans to Delist From the New York Inventory Alternate

Natura & Co. Plans to Delist From the New York Inventory Alternate

PARIS – Natura & Co. plans to delist from the New York Inventory Alternate subsequent month.

The São Paulo-based magnificence firm, which has a major itemizing in Brazil, mentioned in an announcement to shareholders and the market that its board of administrators on Jan. 18 authorised the plan to voluntarily delist from the NYSE.

Natura had listed there in January 2020, linked to its acquisition of Avon Merchandise Inc. That firm’s shares have been already listed and traded on the NYSE.

“The delisting from the NYSE aligns with the corporate’s long-term technique to simplify operations,” Natura & Co. mentioned in an announcement.

The corporate expects the NYSE to droop its buying and selling on or about Feb. 9.

Natura has been shedding belongings. In mid-November 2023, the group mentioned it was promoting The Physique Store to personal fairness agency Aurelius Funding in a deal valuing the chain at 207 million kilos.

On the time, Natura mentioned it was a part of its efforts to streamline operations and simplify its enterprise after having bought Aesop to L’Oréal. That deal, which valued Aesop at greater than $2.5 billion, was closed in late August 2023

Natura additionally mentioned it was positioning to concentrate on strategic priorities, together with the group’s integration in Latin America.

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