Edition:
India

Avon Products Inc (AVP.N)

AVP.N on New York Stock Exchange

2.64USD
18 Apr 2019
Change (% chg)

$-0.04 (-1.49%)
Prev Close
$2.68
Open
$2.68
Day's High
$2.70
Day's Low
$2.61
Volume
418,463
Avg. Vol
1,434,989
52-wk High
$3.38
52-wk Low
$1.30

Latest Key Developments (Source: Significant Developments)

Avon Products Says CEO Jan Zijderveld's FY 2018 Total Compensation Was $6.1 Mln
Wednesday, 3 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
Thursday, 31 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
Friday, 21 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

Avon Products Appoints New Chief Beauty & Brand Officer
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Avon Products Inc ::AVON PRODUCTS TO FOCUS ON DEVELOPING COMPELLING CONSUMER PROPOSITIONS AND CONTINUING TO REJUVENATE THE AVON BRAND WITH APPOINTMENT OF NEW CHIEF BEAUTY & BRAND OFFICER.CURRENT GVP, GLOBAL BRAND MARKETING, ALEX LONG, WILL TRANSITION TO GVP, GLOBAL COMMERCIAL MARKETING.  Full Article

Avon Products Presents Financial Initiatives And Investments At Investor Day
Friday, 21 Sep 2018 

Sept 21 (Reuters) - Avon Products Inc ::AVON PRODUCTS PRESENTS FINANCIAL INITIATIVES AND INVESTMENTS AT INVESTOR DAY.AVON PRODUCTS INC - TARGETS $400 MILLION IN COST SAVINGS BY 2021.AVON PRODUCTS INC - EXPECT TO ACHIEVE LOW-SINGLE DIGIT REVENUE GROWTH AND LOW DOUBLE-DIGIT MARGINS BY 2021.AVON PRODUCTS INC - SAVINGS TO FUND ABOUT $300 MILLION OF COMMERCIAL AND DIGITAL / IT INFRASTRUCTURE REINVESTMENTS.AVON PRODUCTS - FOLLOWING COST SAVINGS INITIATIVES, CO'S CASH GENERATION SHOULD EXCEED INVESTMENT PLANS.AVON PRODUCTS INC - DOES NOT ANTICIPATE INCREASING ITS DEBT POSITION AND WILL REMAIN FOCUSED ON REDUCING DEBT.  Full Article

Brazil's Natura Recently Approached Avon About A Takeover - WSJ
Tuesday, 18 Sep 2018 

Sept 17 (Reuters) - :BRAZIL'S NATURA RECENTLY APPROACHED AVON ABOUT A TAKEOVER - WSJ, CITING SOURCES.NATURA, AVON AREN'T IN SERIOUS TALKS ABOUT TAKEOVER AND AVON, WHICH RECEIVED OTHER EXPRESSIONS OF INTEREST, IS FOCUSED ON TURNING ITSELF AROUND - WSJ.  Full Article

Avon Products Says Entered Into Nomination Agreement With Shah Capital Management, Nuorion Advisors, And Barington Capital Group, Among Others
Tuesday, 27 Mar 2018 

March 26 (Reuters) - Avon Products Inc ::AVON PRODUCTS - ENTERED INTO NOMINATION AGREEMENT WITH SHAH CAPITAL MANAGEMENT, NUORION ADVISORS, AND BARINGTON CAPITAL GROUP, AMONG OTHERS.AVON PRODUCTS SAYS PURSUANT TO AGREEMENT, CO AGREED TO NOMINATE JAMES MITAROTONDA FOR ELECTION TO BOARD - SEC FILING.AVON PRODUCTS - IN CONNECTION WITH AGREEMENT, BARINGTON GROUP WITHDRAWN ITS NOTICE OF NOMINATION FOR 2018 ANNUAL MEETING.AVON PRODUCTS - UNDER TERMS OF AGREEMENT, EACH MEMBER OF BARINGTON GROUP AGREED TO ABIDE BY CERTAIN CUSTOMARY VOTING & STANDSTILL PROVISIONS.AVON PRODUCTS - AT 2018 ANNUAL MEETING BARINGTON GROUP WILL VOTE ITS SHARES OF CO'S COMMON STOCK IN FAVOR OF ELECTION OF DIRECTORS NOMINATED BY BOARD.  Full Article

Brazil's Natura and Avon confirm deal talks

Brazilian cosmetics maker Natura Cosmeticos SA and beauty products firm Avon Products Inc on Friday said that they were in deal talks but offered no details.