Shares of personal care and hygiene products provider Natura & Co. (NYSE:NTCO) are soaring today after the company’s Board gave a go-ahead for a study towards, “Either an initial public offering of Aesop, Natura’s luxury beauty and wellness brand and business unit, or a spin-off to separate Aesop from Natura, potentially followed by a public offering.”
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The move is part of the company’s strategy to provide higher autonomy and accountability to its brands and units.
Shares are now up ~18.7% over the past five days.
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