A settlement in the class action suit against New York City-based cosmetics company Avon Products Inc.has been given preliminary approval in federal court after participants in the company’s retirement plans…
NEW YORK, June 1, 2016 /PRNewswire/ — New Avon LLC today announced that Jack Stahl has been appointed Chairman of the company’s Board of Managers, effective June 1, 2016. He succeeds…
Summary Cash flow from operations was a negative $165 million in the first quarter. Avon has over $2.1 billion in long-term debt, and negative shareholders’ equity. Covenants on the revolver…
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 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 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…
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 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…
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 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…