Overview

• Natura signed an agreement to transfer Avon International’s operations in Europe, Africa and Asia to Regent, excluding Russia and all Latin American business.
• Ownership of the Avon brand and management in Latin America remains with Natura as a stated strategic priority.
• The transaction carries a symbolic £1 payment at closing with potential contingent consideration capped at £60 million based on future performance and liquidity events.
• Most receivables owed by Avon International to Natura will be capitalized before closing and any remainder will be transferred to the buyer without consideration, with a conditional credit line of up to $25 million available for up to five years.
• Closing depends on regulatory approvals that Natura expects in the first quarter of 2026, following a separate deal days earlier to sell Central American and Dominican Republic operations to Grupo PDC.