Settlement in Avon case gets preliminary approval
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 […]
AVON
New Avon LLC Appoints Jack Stahl Chairman of the Board of Managers
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 […]
Avon Could File For Bankruptcy
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’ […]
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 […]
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 […]
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. […]
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, […]
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 […]
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.” […]
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. […]