The Brazilian beauty giant reported 8.8% growth in The Body Shop sales in the fiscal 2019 first half, driven by strong gains in the UK and other key markets, offsetting the effect of 37 store closures in the past year as part of Natura’s transformation plan for the business. Meanwhile, incoming acquiree Avon is seeing better productivity, though sales continued to fall in the firm’s second quarter.
Natura & Co. doubled net income and posted strong growth across its three major businesses in the fiscal 2019 second quarter as it looks forward to wrapping its acquisition of [Avon Products Inc.], expected in the first quarter of the new fiscal year.
The Body Shop, acquired from L'Oreal SA in September 2017, achieved 7.5% growth in the quarter, reported, contributing R$867.5bn ($209