The Body Shop has recorded an uplift in its third-quarter sales as parent company Natura&Co’s acquisition of Avon won shareholder approval.
Brazilian beauty titan Natura&Co recorded a 17.4% decline in EBTIDA to R$398.9M (£74.2m) in its third quarter, which it attributed to “a planned increase in strategic investments to strengthen our fundamentals” alongside costs related to its acquisition of Avon.
Subsidiary The Body Shop posted an 18.7% uplift in EBITDA during the period to R$62.6m (£11.6m), boosted by a 1.1% rise in net revenue to R$935.7m (£173.9m). Excluding the impact of disruption in Hong Kong, net revenue rose 6.4% on a constant currency basis, while UK like for likes climbed 3.1%.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.