SAO PAULO (Reuters) – Brazilian cosmetic group Natura announced on Thursday a restructuring proposal to integrate the currently listed holding company Natura&Co into its subsidiary Natura Cosmeticos, which will then have shares in Brazil’s stock exchange.
Natura also said the chief executive of Natura&Co, Fabio Barbosa, is leaving the role and will become Natura Cosmeticos’ chairman, while Joao Paulo Ferreira will remain as CEO of Natura Cosmeticos.
(Reporting by Andre Romani; Editing by Brendan O’Boyle)
