Home / Business and Economy / Natura Founders Exit as Advent Buys Stake
Natura Founders Exit as Advent Buys Stake
31 Mar
Summary
- Advent, a US private equity firm, has agreed to acquire a stake.
- Natura announced significant changes to its board of directors.
- The company's founding members are stepping down from their roles.
Brazilian cosmetics firm Natura has entered into a binding agreement with U.S. private equity firm Advent, which will acquire a stake in the company. This development was announced on Monday, signaling a significant strategic partnership.
Concurrently, Natura is undergoing a substantial board reshuffle. This internal restructuring includes the departure of the company's founders, marking a new era for the Brazilian beauty enterprise. The financial details of Advent's stake acquisition were not immediately disclosed.
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