Body Shop and Aesop owner close to buying Avon in £1.58bn deal
(The Guardian Brazil)

Brazil´s Natura Cosméticos reportedly expected to swoop on doorstep-selling firmThe Brazilian owner of the Body Shop has agreed to buy Avon Products in a deal that values the US cosmetics company at more than $2bn (£1.58bn), according to reports.Natura Cosméticos was expected to announce the takeover as early as Wednesday, the Financial Times reported. After the deal, Natura would control more than three-quarters of the combined group. The remaining shares would be owned by Avon shareholders. Continue reading...