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Natura &Co Reports Impressive Q4 Growth Amid Strategic Transformations
Natura &Co reported its Q4 2024 financial results, highlighting a 16.1% increase in net revenue to BRL7.7 billion in constant currency, driven by the robust performance of the Natura brand. This growth was partially offset by Avon’s stagnant sales in Brazil and ongoing declines in Hispanic markets. The EBITDA margin decreased by 70 basis points to 9.1%, attributed to system and marketing investments for future growth and corporate expenses aimed at streamlining operations. CEO Fabio Barbosa noted that 2024 was pivotal for the Group’s simplification strategy, marked by completing the Natura and Avon integration in Brazil (Wave 2), restructuring API, and continuing to optimize the Holding structure post-divestments of Aesop and TBS.
Global Beauty Giant Teams Up with Indian Startup Initiative
The Estée Lauder Companies (ELC) has partnered with Startup India, a government initiative aimed at boosting innovation and entrepreneurship in India, marking a 'first-of-its-kind' collaboration. Through a Memorandum of Understanding with India’s Department for Promotion of Industry and Internal Trade, ELC aims to foster innovation within India’s growing beauty and personal care sector. This partnership integrates Startup India’s platform and expertise into ELC’s BEAUTY&YOU India program, focused on supporting emerging Indian beauty brands. ELC emphasizes its commitment to nurturing the next generation of entrepreneurs, particularly women, and highlights India's strategic importance due to its evolving prestige beauty market and tech-driven startup ecosystem.
L'Oréal Joins Forces with K-Challenge and SailGP
L'Oréal has entered a three-year partnership to become an official sponsor of the K-Challenge and France's SailGP team, extending its ties to elite sailing following its sponsorship of the French challenger in the 37th America’s Cup. This collaboration allows L'Oréal to reconnect with several team members from the previous America's Cup team. Stephan Kandler of K-Challenge expressed pride in L'Oréal's support, which aids in strengthening the team and promoting young people and women in sailing. Nicolas Hieronimus, CEO of L'Oréal, highlighted the company's commitment to supporting women and youth globally, aligning with values of innovation and sustainability in high-performance sports.