Brazilian beauty titan Natura&Co recorded a 17.4% decline in EBTIDA to R$398.9M (£74.2m) in its third quarter, which it attributed to “a planned increase in strategic investments to strengthen our fundamentals” alongside costs related to its acquisition of Avon.

Subsidiary The Body Shop posted an 18.7% uplift in EBITDA during the period to R$62.6m (£11.6m), boosted by a 1.1% rise in net revenue to R$935.7m (£173.9m). Excluding the impact of disruption in Hong Kong, net revenue rose 6.4% on a constant currency basis, while UK like for likes climbed 3.1%.