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….