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Avon Products Inc (AVP.N)

AVP.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Avon Confirms Advanced Deal Talks with Natura
Wednesday, 22 May 2019 

May 22 (Reuters) - Avon Products::AVON COMMENTS IN RESPONSE TO NATURA ANNOUNCEMENT.CONFIRMED COMPANY IS IN ADVANCED DISCUSSIONS WITH NATURA & CO REGARDING A POTENTIAL ALL-STOCK TRANSACTION.  Full Article

Avon Reports Q1 Loss Per Share Of $0.09
Thursday, 2 May 2019 

May 2 (Reuters) - Avon Products Inc ::AVON REPORTS FIRST-QUARTER 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.03.Q1 LOSS PER SHARE $0.09.QTRLY REPORTED OPERATING MARGIN DOWN 350 BPS.QTRLY US$ REPORTABLE SEGMENT REVENUE DOWN 14%, LARGELY DRIVEN BY FOREIGN CURRENCY.CONTINUE TO MAKE PROGRESS DEPLOYING OUR OPEN UP AVON STRATEGIES.QTRLY ADJUSTED DILUTED EARNINGS PER SHARE OF $0.03.ACTIVE REPRESENTATIVES AND ENDING REPRESENTATIVES, BOTH FROM REPORTABLE SEGMENTS, EACH DECLINED 9% IN QUARTER.FOREIGN CURRENCY UNFAVORABLY IMPACTED DILUTED LOSS PER SHARE BY AN ESTIMATED $0.01 PER SHARE IN QUARTER.RECORDED COSTS TO IMPLEMENT RESTRUCTURING WITHIN OPERATING PROFIT OF APPROXIMATELY $54 MILLION IN QUARTER.Q1 EARNINGS PER SHARE VIEW $-0.00 -- REFINITIV IBES DATA.QTRLY TOTAL AVON REVENUE $1,186.9 MILLION, DOWN 15%.Q1 REVENUE VIEW $1.24 BILLION -- REFINITIV IBES DATA.  Full Article

Avon Products Inc Says Subsidiary Of Co Entered Into A Unit Purchase Agreement
Thursday, 25 Apr 2019 

April 25 (Reuters) - Avon Products Inc ::AVON PRODUCTS INC - SUBSIDIARY OF AVON PRODUCTS ENTERED INTO A UNIT PURCHASE AGREEMENT.AVON PRODUCTS INC - PURCHASER WILL ACQUIRE AVON NORTH AMERICA FOR $125 MILLION IN CASH.AVON PRODUCTS INC - AT CLOSING, AVON NA HOLDINGS WILL RECEIVE $24.875 MILLION IN CASH FOR 19.9% OF AVON NORTH AMERICA'S OUTSTANDING CLASS A INTERESTS.AVON PRODUCTS INC - CERBERUS INVESTOR WILL RECEIVE $100.125 MILLION IN CASH FOR 80.1% OF AVON NORTH AMERICA'S OUTSTANDING CLASS A INTERESTS.AVON PRODUCTS INC - FOLLOWING CLOSING, COMPANY WILL NO LONGER, DIRECTLY OR INDIRECTLY, OWN ANY INTERESTS IN AVON NORTH AMERICA.AVON PRODUCTS INC - FOLLOWING CLOSING, AVON NA HOLDINGS WILL CEASE TO BE A MEMBER OF AVON NORTH AMERICA..AVON PRODUCTS INC - AGREEMENT WITH CERBERUS INVESTOR AND LG HOUSEHOLD & HEALTH CARE.  Full Article

Avon Products Comments On Avon North America Transaction
Thursday, 25 Apr 2019 

April 25 (Reuters) - Avon Products Inc ::AVON PRODUCTS COMMENTS ON AVON NORTH AMERICA TRANSACTION.AVON PRODUCTS - TRANSACTION BETWEEN SEPARATE AVON NORTH AMERICA BUSINESS AND LG H&H HAS NO IMPACT ON AVON WORLDWIDE'S CURRENT OPERATIONS OR STRATEGY.  Full Article

Avon Confirms Preliminary Discussions With Natura Regarding Potential Transaction
Friday, 22 Mar 2019 

March 22 (Reuters) - Avon Products Inc ::AVON COMMENTS IN RESPONSE TO NATURA ANNOUNCEMENT.CONFIRMED THERE HAVE BEEN PRELIMINARY DISCUSSIONS WITH NATURA & CO REGARDING A POTENTIAL TRANSACTION.COMPANY DOES NOT INTEND TO COMMENT FURTHER AT THIS TIME.AVON'S MANAGEMENT REMAINS FOCUSED ON TURNAROUND STRATEGY, ARTICULATED TO INVESTORS TO DRIVE LONG-TERM VALUE FOR SHAREHOLDERS.  Full Article

Avon Products Launches Partnership With Rappi, An On-Demand Delivery Service
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Avon Products Inc ::AVON LAUNCHES TWO-HOUR DELIVERY SERVICE IN BRAZIL.AVON PRODUCTS INC - HAS ANNOUNCED LAUNCH OF A NEW PARTNERSHIP WITH RAPPI, AN ON-DEMAND DELIVERY SERVICE.AVON PRODUCTS INC - PILOT IN BRAZIL AND COLOMBIA WILL PROVIDE CUSTOMERS WITH DELIVERY OF AVON COSMETICS WITHIN TWO HOURS OF PURCHASE.AVON PRODUCTS - DELIVERY SERVICE TRIAL EXPANDING TO OTHER CITIES IN LATIN AMERICA.AVON PRODUCTS INC - IN INITIAL PILOT OVER 100 PRODUCTS AVAILABLE FOR 2-HOUR DELIVERY IN SÃO PAULO IN BRAZIL, AND BOGOTÁ AND MEDELLIN IN COLOMBIA.AVON PRODUCTS - PILOT SERVICE EXPECTED TO EXPAND TO OTHER CITIES WITHIN BRAZIL AND MAJOR CITIES IN ARGENTINA, CHILE & MEXICO IN H1 2019.  Full Article

Avon Products Says Thefaceshop Co To Buy Avon Manufacturing (Guangzhou) Ltd For $71 Mln
Tuesday, 8 Jan 2019 

Jan 8 (Reuters) - LG Household & Healthcare Ltd <051900.KS>::AVON PRODUCTS - THEFACESHOP CO WILL ACQUIRE ALL OF EQUITY INTERESTS IN AVON MANUFACTURING (GUANGZHOU) LTD FOR A TOTAL PURCHASE PRICE OF $71 MILLION.AVON PRODUCTS - PURCHASE PRICE INCLUDES ABOUT $22.5 MILLION IN CASH FOR REQUIRED REPAYMENT BY COMPANY OF CERTAIN OUTSTANDING INTERCOMPANY LOANS.AVON PRODUCTS INC - PURCHASE PRICE ALSO INCLUDES ABOUT AN ADDITIONAL $4.5 MILLION FOR CASH IN OPERATION.  Full Article

Avon Announces Agreement To Sell China Manufacturing Operation
Tuesday, 8 Jan 2019 

Jan 8 (Reuters) - Avon Products Inc ::PRESS RELEASE - AVON ANNOUNCES AGREEMENT TO SELL CHINA MANUFACTURING OPERATION.AVON PRODUCTS INC - NET PROCEEDS TO AVON WILL BE $44 MILLION..AVON PRODUCTS INC - AVON'S ASSOCIATES AT FACILITY WILL REMAIN WITH OPERATION..AVON PRODUCTS INC - CO, THEFACESHOP CO LTD AGREED TO ENTER INTO A MANUFACTURING AND SUPPLY AGREEMENT.AVON PRODUCTS - ENTERED INTO AGREEMENT WITH THEFACESHOP UNDER WHICH THEFACESHOP WILL ACQUIRE ALL SHARES OF CO'S BEAUTY MANUFACTURING OP IN GUANGZHOU.AVON PRODUCTS - UNDER CO, THEFACESHOP'S MANUFACTURING & SUPPLY AGREEMENT, GUANGZHOU FACTORY WILL MAKE PRODUCTS FOR CO'S CHINESE BUSINESS, OTHER MARKETS.  Full Article

Avon Products To Create Leaner New York Operations
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - Avon Products Inc ::AVON PRODUCTS, INC. TO CREATE LEANER NEW YORK OPERATIONS.AVON PRODUCTS INC - PLANNED CONSOLIDATION WILL ALSO INCLUDE WORKFORCE REDUCTIONS OF APPROXIMATELY 100 POSITIONS.AVON PRODUCTS - PLANS TO CONSOLIDATE ITS U.S. OPERATIONS INTO ITS EXISTING FACILITIES IN SUFFERN, NEW YORK.AVON PRODUCTS - PLAN TO STREAMLINE WILL INCLUDE SALE OF CO'S OFFICES IN RYE, NEW YORK, WHICH IS PROJECTED TO BE COMPLETED IN 2019.  Full Article

Natura Cosmeticos Says There Are No Talks Underway About A Possible Avon Acquisition
Monday, 17 Sep 2018 

Sept 17 (Reuters) - Natura Cosmeticos ::SAYS THERE ARE NO TALKS UNDERWAY ABOUT A POSSIBLE AVON ACQUISITION.  Full Article

Brazil's Natura to boost revenues by investing in Avon brand: CEO

SAO PAULO Brazilian cosmetics firm Natura expects to boost revenue by investing in brand and digital capabilities after sealing a deal to merge with Avon Products and control 76% of the new company, executives said on Thursday.