Natura has taken control of the American company Avon since Wednesday (May 22nd). Together, the two companies will occupy the fourth position among the largest cosmetics groups in the world and will have approximately 6.3 million consultants (equivalent to the population of Rio de Janeiro), and annual gross revenue of US$10 billion (or approximately R$40 billion). Natura and Avon will have approximately 40,000 employees, distributed across 100 countries.
For Natura to acquire control of Avon, an agreement was reached involving a share swap between the two companies and a disbursement of US$530 million to some of the American company's shareholders. According to the statement, the goal is to finalize the deal by the end of 2020 and generate gains for the new company between US$150 million and US$250 million.
