The Natura Group has completed the purchase of Avon Products and the company’s board of directors approved the incorporation of the US cosmetics manufacturer, in a deal that created the world’s fourth-largest beauty group and valued its 130-year-old US rival at approximately US$2 billion. Natura &Co will now have annual gross revenues of over $10bn and a total of 40,000 associates in over 100 countries.
The US Department of Agriculture (USDA) forecasts a record soybean crop in Brazil for the 2019/20 year, at 123.5 million metric tons (mmt). Their latest report on the Brazilian oilseeds market predicts that there will be 44mmt of soybeans destined for processing meal and oil. Meanwhile, the latest forecast from the World Agricultural Supply and Demand Estimate (WASDE) forecasts the US soybean harvest will be less than 100 mmt in 2019/20, a drop of almost 20% on the previous season.
Brazil last year had a historic performance in agricultural commodities exports, shipping record quantities of beef, cotton, corn, coffee and soymeal. Soybean and poultry exports reached the second largest volumes on record (78mn metric tons (t) and 3.8mn t). Exports of corn were 88% more in comparison to the prior year, cotton 69%, coffee 19%, beef 13%, and pork 16%.
Brazilian retailer GPA renovated a total of 20 Pão de Açúcar supermarkets in 2019, following the roll-out of a new store format in September 2019. As a result of the format changes, the stores have seen growth across all performance indicators; a 9% increase in sales, 7% in volume and 5% in the number of customers. The project will continue in 2020, with the opening of 10 new stores in locations with potential for expansion, while another 15 existing stores will be remodelled.