Avon escapes board makeover, cuts deal with hedge fund
Avon Products Inc. on Monday said it has struck a deal with Barington Capital Group LP that grants the activist investor final say in a new board appointment. For its…
AVON
Avon to cut 2,500 jobs, shift headquarters to U.K.
Avon Products (NYSE:AVP) +3.8% AH after saying it is implementing significant changes in its operating model, including job cuts of ~2,500, or ~8% of its workforce. AVP also plans to…
Avon Misses Quarterly Expectations with Breakeven Results
Avon Products Inc. (AVP—NYSE) on Thursday reported a greater-than-expected quarterly loss as demand waned in Latin America, the beauty company’s biggest market. Per a Dec. 17, 2015, announcement, Avon is…
Avon’s Makeover Will Take Time
Investors are cheering Avon’s latest roadmap to recovery. But they should gird themselves for a long journey. Avon shares rose by 14 percent on Thursday, after executives at its 2016…
Avon Appoints New General Manager In China
Avon Products Inc, the world’s largest direct seller of cosmetics, has appointed a new head of its Chinese operation – its fourth in five years – in the hope of…
Avon cutting jobs, outsourcing parts of IT infrastructure to HP Enterprise
In an 8-K filing, Avon (NYSE:AVP) discloses it has “approved actions primarily consisting of global headcount reductions relating to an information technology infrastructure outsourcing initiative.” $30M in pre-tax charges are…
Avon Not Exiting Chinese Market
Avon Products Inc, the world’s largest direct seller of cosmetics, on Wednesday dismissed rumors that it is exiting China after a prolonged slump in sales. According to industry sources, the…
How Avon Fell Apart In The US
Poor tech, compensation, and a late e-commerce epiphany did Avon in at home. Few American brands have been as much a part of U.S. pop culture as Avon. The “Ding…
Cerberus Nears Deal Of $170 Million For Majority Stake In Avon
After years of declining sales, Avon Products Inc. (AVP—NYSE) on Thursday said it will sell its North American business in a $605 million deal with private-equity firm Cerberus Capital Management…
Avon in Talks to Sell North American Business
Avon Products Inc. is close to selling part of its business to a private-equity firm just as an activist investor is readying its own campaign to turn around the struggling…