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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 Preliminary Discussions With Natura Regarding Potential Transaction
Saturday, 23 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
Thursday, 20 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
Tuesday, 18 Sep 2018 

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

Avon Q4 Adj Diluted Earnings Per Share From Continuing Operations Of $0.12
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - Avon Products Inc ::AVON REPORTS FOURTH-QUARTER AND FULL-YEAR 2017 RESULTS.Q4 EARNINGS PER SHARE $0.17 FROM CONTINUING OPERATIONS.Q4 REVENUE $1.6 BILLION.QTRLY ‍DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS OF $0.17​.QTRLY ADJUSTED DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS OF $0.12.QTRLY ‍ACTIVE REPRESENTATIVES AND ENDING REPRESENTATIVES DECLINED 2% AND WERE RELATIVELY UNCHANGED, RESPECTIVELY​.AVON PRODUCTS - ‍"OUR TOP LINE REMAINS UNDER PRESSURE AS WE CONTINUE TO OPERATE IN CHALLENGING MACRO & COMPETITIVE CONDITIONS, PARTICULARLY IN OUR LARGEST MARKETS"​.AVON PRODUCTS - RECORDED $50 MILLION NET INCOME TAX BENEFIT IN QUARTER THAT INCLUDED ABOUT $30 MILLION NET BENEFIT RECOGNIZED DUE TO IMPACT OF TAX REFORM.RECORDED CTI RESTRUCTURING WITHIN OPERATING PROFIT OF APPROXIMATELY $24 MILLION BEFORE AND AFTER TAX IN QUARTER​.QTRLY SOUTH LATIN AMERICA REVENUE WAS DOWN 2%, OR 1% IN CONSTANT DOLLARS.QTRLY NORTH LATIN AMERICA REVENUE WAS RELATIVELY UNCHANGED, OR DOWN 2% IN CONSTANT DOLLARS.Q4 REVENUE VIEW $1.60 BILLION -- THOMSON REUTERS I/B/E/S.AVON PRODUCTS - BELIEVES HAS "CAPACITY" TO ACHIEVE ITS LONG-TERM GOALS OF MID SINGLE-DIGIT CONSTANT-DOLLAR REVENUE GROWTH AND LOW DOUBLE-DIGIT OPERATING MARGIN.  Full Article

Avon Products Appoints Jan Zijderveld As CEO
Monday, 5 Feb 2018 

Feb 5 (Reuters) - Avon Products Inc ::AVON PRODUCTS, INC. APPOINTS JAN ZIJDERVELD AS CHIEF EXECUTIVE OFFICER.ZIJDERVELD SUCCEEDS SHERI MCCOY, WHO PREVIOUSLY ANNOUNCED INTENTION TO RETIRE FROM CO, BOARD.JAN WILL ALSO SERVE AS A MEMBER OF BOARD OF DIRECTORS..  Full Article

Avon Products Appoints Jan Zijderveld As Chief Executive Officer
Monday, 5 Feb 2018 

Feb 5 (Reuters) - Avon Products Inc ::AVON PRODUCTS, INC. APPOINTS JAN ZIJDERVELD AS CHIEF EXECUTIVE OFFICER.AVON PRODUCTS INC - SUCCEEDS SHERI MCCOY, WHO PREVIOUSLY ANNOUNCED HER INTENTION TO RETIRE FROM COMPANY AND BOARD.AVON PRODUCTS INC - JAN WILL ALSO SERVE AS A MEMBER OF BOARD OF DIRECTORS..  Full Article

Avon Q3 EPS $0.01 from continuing operations
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Avon Products Inc ::Avon reports third-quarter 2017 results.Q3 adjusted earnings per share $0.03 from continuing operations.Q3 earnings per share $0.01 from continuing operations.Q3 earnings per share view $0.07 -- Thomson Reuters I/B/E/S.Q3 revenue $1.4 billion.Q3 revenue view $1.41 billion -- Thomson Reuters I/B/E/S.Avon Products Inc qtrly ‍south latin america revenue was down 1 pct, or relatively unchanged in constant dollars​.Avon Products Inc qtrly ‍north latin america revenue was up 5 pct, or 2 pct in constant dollars​.Avon Products Inc - ‍expects to meet its 2017 cost savings target and deliver positive free cash flow for year​.Avon Products Inc - ‍"with mixed results in q3 and some positive trends, we expect to see modest improvement continue in q4"​.Avon Products-is within about $25 million of annual savings target,is over half way to total cost savings targeted for 3 year transformation plan of $350 million​.Avon Products Inc - ‍expect annual results to come in below 2017 guidance​.Avon Products -‍expects improvement in q4, with flat to slightly positive performance compared to last year in constant-dollar revenue, adjusted operating margin​.Avon Products - ‍ during Q3 of 2017, co recorded costs to implement restructuring within operating profit of approximately $6 million before and after tax​.  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.