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New York CNN —The Body Shop has shut down all of its US-based operations and will be closing dozens of Canadian store locations as it files for bankruptcy. The Body Shop, known for products it markets as natural, sustainable, ethical and cruelty-free, was founded in 1976 in the UK by human rights activist and environmental campaigner Anita Roddick. Since its inception, The Body Shop has changed hands several times. Late last year, The Body Shop was sold to asset management group Aurelius for about $266 million. CNN has reached out to The Body Shop and Aurelius for comment.
Persons: Anita Roddick, , , Aurelius Organizations: New, New York CNN, Natura, CNN Locations: New York, Canada
Aurelius in talks to buy The Body Shop, source says
  + stars: | 2023-10-29 | by ( Akanksha Khushi | ) www.reuters.com   time to read: +1 min
The logo of British cosmetics and skin care company The Body Shop is seen outside a store in Vienna, Austria, June 4, 2016. REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsOct 29 (Reuters) - Private equity investor Aurelius Group is in talks to buy beauty products chain The Body Shop, which has been put up for sale by its Brazilian owner Natura & Co (NTCO3.SA), a source familiar with the talks told Reuters. If completed, the deal is expected to value The Body Shop at a lower price than the 400 million pounds-500 million pounds ($485.20 million-$606.50 million) suggested in some media reports, the source, who did not wish to be identified, said. Natura bought The Body Shop from L'Oreal (OREP.PA) in 2017. Natura and Aurelius declined to comment while The Body Shop did not immediately respond to requests for comment.
Persons: Leonhard Foeger, Aurelius, Akanksha, Alexander Smith, Susan Fenton Organizations: REUTERS, Natura, Reuters, L'Oreal, Sky News, Thomson Locations: Vienna, Austria, Brazilian, Bengaluru
Brazil's Natura mulls sale of The Body Shop
  + stars: | 2023-08-28 | by ( ) www.reuters.com   time to read: +1 min
The logo of British cosmetics and skin care company The Body Shop is seen outside a store in Vienna, Austria, June 4, 2016. REUTERS/Leonhard Foeger Acquire Licensing RightsSAO PAULO, Aug 28 (Reuters) - Brazilian cosmetics maker Natura &Co (NTCO3.SA) said on Monday its board of directors had authorized the company to search for "strategic alternatives" for its subsidiary The Body Shop, including a potential sale of the business. The move comes after the Brazilian company in April agreed to sell its luxury brand Aesop to French cosmetics group L'Oreal (OREP.PA) at an enterprise value of $2.53 billion. Natura grew through high profile acquisitions in recent years, including the purchase of The Body Shop from L'Oreal in 2017, but has now been looking for "discipline" and deleveraging as it aims to bring back profitability. "There can be no assurance that this process will result in any transaction," Natura said in a securities filing about the potential Body Shop deal.
Persons: Leonhard Foeger, Roberto Marques, Fabio Barbosa, Gabriel Araujo, Kylie Madry Organizations: REUTERS, SAO PAULO, Natura, L'Oreal, Thomson Locations: Vienna, Austria, Brazilian, Natura
Brazilian beauty conglomerate Natura & Co is considering a sale of The Body Shop after the skin care and cosmetics line saw another quarter of declining sales, according to a Monday securities filing. Natura & Co, which owns the Avon and Natura brands and is in the process of selling its Aesop line to L'Oreal , wrote in the filing that its board of directors "recently authorized its management to explore strategic alternatives for The Body Shop," the filing said. Late last year, Sao Paulo-based Natura denied rumors that it was considering a sale of The Body Shop. On Aug. 15, the company announced second-quarter results and said sales at The Body Shop fell 12% to 800 million Brazilian reals, or $163.7 million. However, The Body Shop has struggled to hang on to its market share and meet customers where they are after consumer habits shifted during the Covid pandemic, executives said during an August earnings call.
Organizations: Co, Natura, L'Oreal, Retail Locations: Sao Paulo, U.S
SAO PAULO, May 17 (Reuters) - Brazil's antitrust regulator Cade on Wednesday recommended the approval of the sale of Natura & Co's (NTCO3.SA) Aesop brand to French cosmetics company L'Oreal (OREP.PA), according to the country's daily gazette. Last month, L'Oreal agreed to buy Australian luxury brand Aesop from Natura for an enterprise value of $2.53 billion. Under the regulator's rules, the approval is considered definitive within 15 calendar days of its publication, if no appeals are filed. Reporting by Andre Romani; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
No official explanation has been given for the pollution, which has stuck, in small patches, to the rocks and wild limestone beaches near the town of Pula. This is not the first time oil had drifted ashore in the area, she said, and people deserve to know the cause. "We cannot just wait and fear each year that wind will bring us a new oil spill," Buttignoni told Reuters. "There will be a problem because this (oil) constantly keeps coming though in smaller quantities," said villager Giuliano. "There will be a problem with tourism, when guests arrive and probably step on it.
Tupperware Brands boxes itself into a corner
  + stars: | 2023-04-10 | by ( ) www.reuters.com   time to read: +2 min
TORONTO, April 10 (Reuters Breakingviews) - Tupperware Brands’ (TUP.N) options are looking less airtight. As with other direct selling companies, it casts doubt over its business model, as well as how speedily it can remake itself as consumer habits shift. An earnings misstatement, which has left it late in filing its annual report, could cause creditors to declare Tupperware has violated its debt covenants. Even if Tupperware can appease its creditors or find new investors, the rise of e-commerce has dented the fortunes of companies that lean on direct selling. Compared with the company’s heyday, customers have more options for food storage, more places to buy from, and less time for Tupperware parties.
French cosmetics giant L'Oreal plans to buy Aesop for $2.5 billion. Aesop is an Australian skincare brand, known for its simple marketing and gender-neutral products. Aesop is an Australian brand that dates back to 1987 when founder Dennis Paphitis opened a Melbourne hair salon and began mixing essential oils into hair products. Today, it's known for luxurious home fragrances, hair oils, and skincare products, which are served up in apothecary-style brown bottles. It has become an aspirational brand for wealthy millennials who are happy to spend $40 on its hand wash to make their bathrooms look more upmarket.
Aesop products sit on display for sale at their store on Abbott Kinney Blvd. French cosmetics group L'Oreal struck a deal with Brazil's Natura & Co to buy Aesop, its Australian luxury brand, at an enterprise value of $2.53 billion, both firms said on Monday. The deal expands L'Oreal's presence in the luxury cosmetics market, while marking a financial relief for the Brazilian firm, burdened by shrinking margins and heavy debt. "Aesop taps into all of today's ascending currents and L'Oreal will contribute to unleash its massive growth potential, notably in China and travel retail," L'Oreal CEO Nicolas Hieronimus said in a statement. For Natura, the deal adds to a broader organizational shakeup that saw former chief executive and executive chairman Roberto Marques step down in June last year, handing over the reins to Fabio Barbosa.
Aesop deal spreads scent of stressed M&A
  + stars: | 2023-04-04 | by ( ) www.reuters.com   time to read: +2 min
TORONTO, April 4 (Reuters Breakingviews) - The scent of stress is wafting from the Brazilian backer of Aesop. Natura (NTCO3.SA)agreed to sell the luxury lotion maker to French cosmetics giant L’Oreal (OREP.PA) for about $2.5 billion. It offloaded the successful investment to shore up its balance sheet, an M&A motivation that probably will spread. With recessions being anticipated in a higher interest rate environment, more companies are bound to consider a similar calculus. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Hong Kong CNN —L’Oréal is buying Australian brand Aesop in a deal that values it at $2.5 billion, in the biggest brand acquisition ever made by the French beauty giant. The sale was announced Monday by Aesop’s parent, Brazilian firm Natura & Co, which also owns The Body Shop and Avon. It brings Aesop, which is known for its luxury skin and body care products, under the same umbrella as brands such as Garnier and Maybelline. The deal would be L’Oréal’s largest acquisition of another brand on record, followed by its $1.7 billion purchase of YSL Beauté in 2008, according to data from Dealogic. “Aesop taps into all of today’s ascending currents,” L’Oréal CEO Nicolas Hieronimus said in the statement.
[1/2] The logo of French cosmetics group L'Oreal in the western Paris suburb of Levallois-Perret, France, February 7, 2020. REUTERS/Gonzalo FuentesSAO PAULO, April 3 (Reuters) - French cosmetics group L'Oreal (OREP.PA) struck a deal with Brazil's Natura & Co (NTCO3.SA) to buy Aesop, its Australian luxury brand, at an enterprise value of $2.53 billion, both firms said on Monday. The deal, L'Oreal's largest ever brand acquisition according to Dealogic data, expands the firm's presence in the luxury cosmetics market, while also providing the Brazilian company with some financial relief amid shrinking margins and heavy debt. The acquisition is also the third largest on record of an Australian company in the consumer products sector, the data showed. "Aesop taps into all of today's ascending currents and L'Oreal will contribute to unleash its massive growth potential, notably in China and travel retail," L'Oreal CEO Nicolas Hieronimus said in a statement.
March 27 (Reuters) - British advertising group WPP (WPP.L) said on Monday it has acquired Obviously, a New York-based social influencer marketing agency, for an undisclosed sum. The deal comes less than a week after WPP agreed to buy Goat, an influencer marketing specialist, which focusses on marketing campaigns that aim to improve customer engagement for brands including Dell, Tesco, Uber and Natura. Obviously's team of nearly 100 people will join WPP subsidiary VMLY&R, a marketing agency with over 13,000 employees, WPP said. WPP said Obviously's proprietary "next-generation" tech platform helps the agency service large-scale complex campaigns for enterprise clients including Google, Ford, Ulta Beauty and Amazon. Obviously was founded by Mae Karwowski and Maxime Domain in 2014 and has operations in San Francisco and Paris.
SAO PAULO, March 13 (Reuters) - Brazilian cosmetic maker Natura & Co (NTCO3.SA) on Monday reported a fourth-quarter net loss of 890.4 million reais ($169.7 million), as it reported lower revenues across all its business lines. Natura reported net revenues down 11% at 10.39 billion reais, dragged by Avon International and The Body Shop which both posted reported revenues down more than 20%. However, in terms of constant currency, net revenues increased by 3%. In a statement, Chief Executive Fabio Barbosa said the company was "resizing" The Body Shop, focusing on "efficiencies and key retail channels in light of the challenging channel mix changes that have taken place." Looking ahead, he added, Natura is focusing on improving profitability, cash flow, and making a return to growth.
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Brazil's Natura mulls U.S. IPO, spin-off of luxury Aesop brand
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: +1 min
SAO PAULO, Oct 17 (Reuters) - Brazilian cosmetics company Natura & Co (NTCO3.SA) on Monday said it has begun studying a possible initial public offering (IPO) in the United States or spin-off of its Aesop brand, as it looks to fund its expansion. Natura said that in the event of an IPO or spin-off the luxury cosmetics brand would continue to be led by its current chief executive, Michael O'Keeffe. Natura reported a wider-than-expected quarterly net loss in August, as inflation and tough market conditions put pressure on in its margins. It said at the time it planned to increase the accountability of its business units after years of expansion fueled by high-profile acquisitions. Register now for FREE unlimited access to Reuters.com RegisterReporting by Peter Frontini; Editing by Mark Porter and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
SummarySummary Companies SINAI helps companies cut emissions and reallocate capitalArcelorMittal, Natura, Toshiba, Siemens among SINAI customersPresidio Ventures, NEC Translink Capital take part in roundSept 27 (Reuters) - U.S.-based SINAI Technologies, which produces technology to help companies measure carbon emissions and recommends ways of mitigating them, has raised $22 million from investors including Energize Ventures to fund growth, it said on Tuesday. "But it's ultimately up to the (companies) to decide where they are going to invest." Eileen Waris, principal at Energize Ventures, said that SINAI had cut through a climate space which could be considered as "crowded" by early-stage companies. "I have no doubt they will make it to the next round of funding," she stated. Register now for FREE unlimited access to Reuters.com RegisterReporting by Juliette Portala ; Editing by Carolyn Cohn and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
Sursa foto: Facebook/ Eugenia CaracașȘi-a făcut studiile la cele mai bune universități din lume, dar a revenit acasă dornică să investească în educațieO tânară din Calărași a revenit acasă, dornică să investească în educație, după studiile făcute în Marea Britanie. Eugenia Caracaș a pornit o afacere alături de cumnata sa, care de asemenea se afla în străinătate. Au creat mai întâi la Călărași un centru de dezvoltare, care oferă cursuri de robotică, aritmetică mentală, dar și ateliere de creație cu pixuri 3D. Și-a făcut studiile la cele mai bune universități din lume și deși ar fi putut avea salarii de zeci de mii de euro peste hotare, a decis să înceapă totul de la zero acasă. „Mi-am făcut studiile în Marea Britanie, dețin un postuniversitar în psihologia aplicată la Oxford University și nivelul 16 avansat de engleză generală la Cambridge" , a spus Eugenia Caracaș, fondatoarea unui centru de dezvoltare.
Persons: Eugenia Caracaș, Eugenia Organizations: Facebook, Oxford University, Uniunea Europeană Locations: Calărași, străinătate, Călărași, Hâncești, Cahul, Cambridge, Republica Moldova
Așadar, potrivit arhitectului, toate aceste intervenții le-am putea cataloga drept mobilier urban sau mici amenajări urbane. Dar care sunt pașii concreți pe care îi facem atunci când vrem să amenajăm o bancă sau un foișor pe domeniul public? ), gestionarul terenului probabil va solicita avizarea schiței de amplasare și a designului intervenției cu organul local de arhitectură (vezi HG 499/2000, art. Solicitantul inițiativei urmează să convingă gestionarul terenului în cauză să depună un efort suplimentar pentru obținerea acestor avize. 6Dacă intervenția dorită pe domeniul public depășește 15 m², realizarea acesteia este similară oricărei alte construcții.
Persons: Andrei Vatamaniuc, Andrei Locations: municipală
La 30 iunie 2021, cu 11 zile până în data alegerilor parlamentare anticipate, Consiliul Audiovizualului (CA) a publicat primul său raport de monitorizare a comportamentului a 16 posturi de radio și TV în campania electorală. Raportul constata abaterile înregistrate în perioada 12-25 iunie 2021 și urma să fie luat drept bază de CA pentru a-și argumenta deciziile menite să asigure reflectarea corectă și echilibrată a campaniei electorale, transmite Media Azi. Dezbaterile s-au axat mai mult pe interpretarea noțiunilor de echilibru și dezechilibru în buletinele de știri și dreptul jurnaliștilor la opinie și la libertatea de exprimare. 19/128 din 27 mai 2021, conform căruia: „Postul de televiziune NTV Moldova va asigura reflectarea echitabilă, echilibrată și imparțială a campaniei electorale”. Pentru ce îi și felicităm și ne bucurăm pentru ei că astăzi au ajuns să-și exercite funcția foarte bine și poate chiar profesionist.
Persons: Dragoș Vicol, Corneliu Mihalache, Ion Robu, Tatiana Organizations: Audiovizualului, Radio Moldova, TVR Moldova, Prime, TV8, Canal, TV Chișinău, TV6, Consiliului Audiovizualului Locations: CA, Moldova, BTV
Comitetul Național pentru Situații de Urgență (CNSU) din România a adoptat în ședința de miercuri, 7 iulie, Hotărârea numărul 44 prin care se propune prelungirea stării de alertă pe întreg teritoriul României, pentru o perioadă de 30 de zile, începând cu data de 12 iulie, curent, precum și măsurile de prevenire și control necesar a fi aplicate în contextul epidemiologic actual, scrie Digi 24. Se propune menținerea restricțiilor privind organizarea și desfășurarea de mitinguri, demonstrații, procesiuni, concerte sau a altor tipuri de întruniri în spații deschise, precum și a întrunirilor de natura activităților culturale, științifice, artistice, sportive sau de divertisment în spații închise și desfășurarea acestora în anumite condiții. Se propune ca desfășurarea competițiilor sportive, în spații deschise, să poată fi realizată cu participarea spectatorilor până la 50% din capacitatea maximă a spațiului. Se propune ca desfășurarea competițiilor sportive în spații închise, să poată fi realizată cu participarea spectatorilor până la 50% din capacitatea maximă a spațiului. Activitățile sunt interzise la nivelul județelor/localităților unde incidența cumulată la 14 zile este mai mare de 3/1.000 de locuitori.
Organizations: PCR Locations: România, României, bâlciuri
Liderul PONA îndeamnă cetățenii să voteze Platforma „DA”
  + stars: | 2021-07-08 | by ( ) www.ipn.md   time to read: +2 min
Liderul PONA îndeamnă cetățenii să voteze Platforma „DA”Liderul Partidului Oameni, Natură și Animale (PONA), Ion Dron, vine cu un apel public către cetățeni, inclusiv cei indeciși, să voteze la alegerile parlamentare anticipate din 11 iulie Platforma „Demnitate și Adevăr”, întrucât sprijină aleleasi valori tradiționale ca și PONA - familia, biserica, datina, vatra, comunitatea, transmite IPN. Într-un scurt mandat parlamentar, deputații din Platforma DA au elaborat cele mai multe proiecte de legi, inclusiv și pentru susținerea producătorului și investitorului autohton. Președintele Partidului Oameni, Natură și Animale a relevat că PONA a semnat un acord cu Platforma DA, care prevede că, dacă Platforma DA va ajunge în viitorul Parlament, deputații formațiunii vor promova o lege privind protecția animalelor, luptă pe care PONA o duce de șapte ani. „O lege fără de care Moldova continuă să rămână încă în zona epocii medievale, la acest capitol”, a opinat liderul PONA. Dimpotrivă, cele mai rușinoase și mai devastatoare jafuri s-au comis atunci când eram guvernați de un singur om și de un singur partid.
Persons: Ion Dron Organizations: Partidului Locations: Moldova, Republica Moldova
Sursa foto: Platforma DADupă „Voința Poporului”, „Uniunea Centristă” și PNL, încă un partid și-a anunțat susținerea pentru Platforma DALiderul Partidului Oameni, Natură și Animale (PONA), Ion Dron, a lansat azi un apel public, adresat inclusiv alegătorilor indeciși, să voteze la alegerile parlamentare anticipate din 11 iulie Platforma „Demnitate și Adevăr”. Ion Dron a îndeamnat în context alegătorii să iasă la vot pe 11 iulie. Un Parlament reprezentativ și o guvernare în alianță reprezintă căile valabile pentru o democrație autentică. Un vot pentru Platforma DA înseamnă un vot pentru o democrație reprezentativă ”, a mai spus Ion Dron. Amintim că anterior PNL, „Voința Poporului” și „Uniunea Centristă”, care nu participă în calitate de concurenți electorali la actualul scrutin, și-au anunțat susținerea pentru Platforma DA.
Persons: Ion Dron Organizations: PNL, Partidului, Poporului Locations: Legislativ
Horoscop 8 iulie 2021: Taurii iau decizii radicale în dragoste
  + stars: | 2021-07-08 | by ( ) www.jurnal.md   time to read: +6 min
Sursa foto: AFPHoroscop 8 iulie 2021: Taurii iau decizii radicale în dragosteAstrele spun că fiecare zodie în parte trebuie să dea dovadă în această perioadă de multă încredere, răbdare și calm. Tot ce trebuie să faci este să acorzi atenție partenerului și să i-ai decizii importante ce ține de relația voastră. Ai încredere că, predându-te procesului de transformare, vei putea găsi darurile ascunse. Tot ce trebuie să faci este să ai răbdare, spune horoscopul zilei de 8 iulie 2021. Îți vei putea răsfăța natura curioasă și poți afla despre alte culturi.
Persons: Gemenii, Bea, ., Vrei, Totul
Urmărește mai jos principalele declarații făcute de Igor Dodon și Vladimir Voronin. (11:37) Igor Dodon comentează conflictul de ieri cu AUR: Noi nu am mers nicăieri ca să atacăm pe cineva. În această campanie electorala au fost și locuri de suprize, prima a fost crearea BECS. Bună dimineața, a spus și Igor Dodon. „Sau de un ujin”, a spus și Igor Dodon.
Persons: Igor Dodon, Vladimir Voronin ., Vladimir Voronin, Voronin, Sandu, Filat, Dodon, Maia Sandu, Natalia Gavrilița, Igor Dodon . Organizations: CEC Locations: Moldova, Republica Moldova
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