[SAO PAULO] Brazil cosmetics company Natura intends to invest up to US$5 million in new brands in beauty and wellness segments in Europe and the United States through venture capital funds, executives said on Friday.
Natura shares were down 0.4 per cent in late afternoon trading, at 50.29 reais, after the company posted weaker than expected results amid a sluggish economic recovery in Brazil. He emphasised the firm expects to reduce its net debt/EBITDA ratio to 1.4 by 2021 compared to 2.95 at the end of March this year.
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