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Avon Products Inc (AVP.N)

AVP.N on New York Stock Exchange

3.93USD
23 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Avon Products Says FX Headwinds Expected To Ease In Second Half Of The Year - Conf Call
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Avon Products Inc ::EXEC SAYS FX HEADWINDS EXPECTED TO EASE IN SECOND HALF OF THE YEAR - CONF CALL.EXEC - MEXICO'S CONSTANT DOLLAR REVENUE IN Q2 FELL 4.9% WHILE IN RUSSIA, IT FELL 12%.EXEC - IN Q2, WE DECREASED THE DEPTH OF DISCOUNT FROM 98% TO 93%.  Full Article

Natura Cosméticos S.A. Announces Consent Solicitations For The Avon Products, Inc. Notes Due 2023 And 2043
Friday, 19 Jul 2019 

Avon Products Inc ::NATURA COSMÉTICOS S.A. ANNOUNCES CONSENT SOLICITATIONS FOR THE AVON PRODUCTS, INC. NOTES DUE 2023 AND 2043.NATURA COSMÉTICOS S.A. - CONSENT SOLICITATIONS WILL EXPIRE ON JULY 25, 2019.  Full Article

Avon Announces Pricing And Upsizing Of Senior Secured Notes Offering
Tuesday, 25 Jun 2019 

June 25 (Reuters) - Avon Products Inc ::AVON ANNOUNCES PRICING AND UPSIZING OF SENIOR SECURED NOTES OFFERING.AVON PRODUCTS INC - CO'S UNIT PRICED AN OFFERING OF $400 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF 6.500% SENIOR SECURED NOTES DUE 2022.AVON PRODUCTS INC - AGGREGATE PRINCIPAL AMOUNT OF NOTES OFFERED WAS INCREASED FROM $350 MILLION.  Full Article

Avon Products Says Natura Obligated To Pay Co Fee Equal To $133 Mln If Merger Agreement Is Terminated
Friday, 24 May 2019 

May 24 (Reuters) - Avon Products Inc ::AVON PRODUCTS - CO SHALL BE OBLIGATED TO PAY NATURA COSMÉTICOS S.A. A FEE OF $78.6 MILLION IF MERGER AGREEMENT IS TERMINATED UNDER CERTAIN CIRCUMSTANCES.AVON PRODUCTS - NATURA OBLIGATED TO PAY CO FEE EQUAL TO $133 MILLION IF MERGER AGREEMENT IS TERMINATED BECAUSE MERGERS ARE NOT CONSUMMATED BY END DATE.AVON PRODUCTS - NATURA WILL ALSO BE OBLIGATED TO PAY CO FEE EQUAL TO $242 MILLION IF MERGER TERMINATED UNDER CERTAIN CIRCUMSTANCES.  Full Article

Avon Products Says CEO Jan Zijderveld's FY 2018 Total Compensation Was $6.1 Mln
Tuesday, 2 Apr 2019 

April 2 (Reuters) - Avon Products Inc ::AVON PRODUCTS INC SAYS CEO JAN ZIJDERVELD'S FY 2018 TOTAL COMPENSATION WAS $6.1 MILLION - SEC FILING.AVON PRODUCTS SAYS FORMER CEO SHERI MCCOY'S FY 2018 TOTAL COMPENSATION WAS $1.3 MILLION VERSUS ABOUT $9.9 MILLION IN FY 2017 - SEC FILING.AVON PRODUCTS - FOR 2018, RATIO OF CURRENT CEO ANNUAL TOTAL COMPENSATION TO MEDIAN ANNUAL TOTAL COMPENSATION OF ALL EMPLOYEES ESTIMATED TO BE 263 TO 1.  Full Article

Avon Reports Fourth-Quarter And Full-Year 2018 Results
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Avon Products Inc ::AVON REPORTS FOURTH-QUARTER AND FULL-YEAR 2018 RESULTS.Q4 EARNINGS PER SHARE $0.07.Q4 SAME STORE SALES FELL 1 PERCENT.Q4 EARNINGS PER SHARE ESTIMATE $0.07 -- REFINITIV IBES DATA.QTRLY ADJUSTED EARNINGS PER SHARE $0.07.IN Q4, REPAID AN ADDITIONAL $50 MILLION OF DEBT WHICH BROUGHT TOTAL FISCAL 2018 DEBT REDUCTION TO ABOUT $300 MILLION.QTRLY SOUTH LATIN AMERICA REVENUE $488.3 MILLION, DOWN 15 PERCENT.ENTERED INTO A NEW 3-YEAR, EUR 200 MILLION SENIOR SECURED CREDIT FACILITY, OUR FIRST EURO-DENOMINATED FACILITY.QTRLY TOTAL REVENUE $1,401.7 MILLION VERSUS $1,568.8 MILLION.QTRLY NORTH LATIN AMERICA REVENUE $199.4 MILLION, DOWN 3 PERCENT.AVON PRODUCTS - IN QUARTER COMPLETED RESTRUCTURING ACTIONS ASSOCIATED WITH COST SAVINGS PROGRAM INITIATED IN 2016.Q4 REVENUE VIEW $1.43 BILLION -- REFINITIV IBES DATA.QTRLY ACTIVE REPRESENTATIVES AND ENDING REPRESENTATIVES, BOTH FROM REPORTABLE SEGMENTS, DECLINED 6% AND 8%, RESPECTIVELY.AVON - IN Q4, RECORDED RESTRUCTURING COSTS WITHIN OPERATING PROFIT OF ABOUT $126 MILLION BEFORE TAX PRIMARILY RELATED TO OPEN UP AVON INITIATIVE.  Full Article

Avon Products Announces Steps To Improve Operational Efficiency And Reduce Portfolio Complexity
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Avon Products Inc ::AVON PRODUCTS, INC. ANNOUNCES STEPS TO IMPROVE OPERATIONAL EFFICIENCY AND REDUCE PORTFOLIO COMPLEXITY.AVON PRODUCTS - PURSUING STRUCTURAL RESET OF INVENTORY PROCESSES, INCLUDING 15% REDUCTION IN INVENTORY LEVELS AND 25% REDUCTION IN STOCK KEEPING UNITS.AVON PRODUCTS INC - STRUCTURAL RESET OF ITS INVENTORY PROCESSES INCLUDING 10% REDUCTION IN ITS GLOBAL HEADCOUNT.AVON PRODUCTS INC - 10% REDUCTION IN GLOBAL WORKFORCE IS ON TOP OF AN 8% REDUCTION OF GLOBAL WORKFORCE COMPLETED IN 2018.AVON PRODUCTS INC - EXPECTS TO ACHIEVE ANNUALIZED PRE-TAX SAVINGS OF APPROXIMATELY $97 MILLION BY END OF 2019.AVON PRODUCTS INC - EXPECTS TO RECORD TOTAL CHARGES RELATED TO RESTRUCTURING ACTIONS OF APPROXIMATELY $100 MILLION BEFORE TAXES.  Full Article

Avon Announces Changes To Senior Management Team
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Avon Products Inc ::AVON ANNOUNCES CHANGES TO SENIOR MANAGEMENT TEAM.AVON PRODUCTS INC - VIKRAM AGARWAL NAMED SENIOR VICE PRESIDENT & CHIEF SUPPLY CHAIN OFFICER, EFFECTIVE 1 FEBRUARY 2019.AVON PRODUCTS INC - SUSAN ORMISTON, SVP HUMAN RESOURCES STEPS DOWN TO PURSUE ANOTHER OPPORTUNITY.AVON PRODUCTS INC - AGARWAL SUCCEEDS MICHAEL WATSON, WHO DECIDED TO STEP DOWN TO PURSUE OTHER PROFESSIONAL OPPORTUNITIES.  Full Article

Avon Appoints CFO To Continue Avon's Transformation
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Avon Products Inc ::AVON APPOINTS CHIEF FINANCIAL OFFICER TO CONTINUE AVON'S TRANSFORMATION.AVON PRODUCTS INC - GUSTAVO ARNAL HAS BEEN APPOINTED EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, EFFECTIVE DURING SPRING 2019.AVON PRODUCTS INC - JAMIE WILSON HAS CHOSEN TO STEP DOWN FROM HIS FULL TIME EXECUTIVE ROLE.AVON PRODUCTS INC - GUSTAVO ARNAL JOINS FROM WALGREENS BOOTS ALLIANCE.  Full Article

Avon Reports Third Quarter 2018 Results
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Avon Products Inc ::AVON REPORTS THIRD-QUARTER 2018 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.00.Q3 EARNINGS PER SHARE $0.21.Q3 REVENUE ROSE 1 PERCENT TO $1.4 BILLION.Q3 EARNINGS PER SHARE VIEW $0.01 -- THOMSON REUTERS I/B/E/S.AVON PRODUCTS - QTRLY ACTIVE REPRESENTATIVES FROM REPORTABLE SEGMENTS DECLINED 5%.AVON PRODUCTS - QTRLY SOUTH LATIN AMERICA REVENUE WAS UP 9%, SIGNIFICANTLY IMPACTED BY AN IPI TAX REVERSAL IN BRAZIL.QTRLY SOUTH LATIN AMERICA REVENUE WAS UP 9%, SIGNIFICANTLY IMPACTED BY AN IPI TAX REVERSAL IN BRAZIL.QTRLY NORTH LATIN AMERICA REVENUE WAS RELATIVELY UNCHANGED, OR UP 5% IN CONSTANT DOLLARS.  Full Article

UPDATE 1-Brazil's Natura sees protests dragging business in Hong Kong

SAO PAULO, Aug 15 Brazilian cosmetics firm Natura&Co sees a stronger performance in its operations in Asia, except for Hong Kong, where both The Body Shop and Aesop brands have been affected by recent protests, executives said on Thursday.