Patricia Monteiro/© 2017 Bloomberg Finance LPNatura Cosmeticos, the Brazilian cosmetics giant, is in advanced talks to buy American beauty company Avon for a reported price north of $2 billion. “There can be no assurance any transaction will result from these discussions,” wrote Avon. One beneficiary of that surge is Antonio Luiz Seabra, who formed Natura in 1969 as Brazil’s answer to Avon. By 1977 the business had 40 products, and in 2004 the company went public on Brazil’s Novo Mercado. The company went public in 1946 and now generates over $5 billion in annual revenue.

Source: Forbes May 22, 2019 15:58 UTC