Buyout firms can find no cheaper personal- goods company than Avon Products Inc. Whether it’s cheap for a reason is another issue.
Avon Products Inc. boosted sales in Russia, increasing its ranks by tens of thousands in the second half of last year as the plunging ruble prompted more people to seek additional income selling goods door-to-door.
NEW YORK, United States — After losing $3 billion in market value since its last known suitor walked away, Avon Products Inc. may be more willing to open its door to potential buyers.
NEW YORK, United States — After 109 years of selling beauty products, Coty Inc is ready for its close-up, blemishes and all. The maker of Stetson cologne, OPI nail polish and Sally Hansen lip balm, is set to go public Wednesday on the New York Stock Exchange, with shares to trade on Thursday.
Luxury Goods Oust Executives With Global Economy in Flux (Business Week) “Luxury-goods makers are spring cleaning their boardrooms and ateliers. At least 14 new presidents, chief executive officers, chief financial officers and creative directors started at European companies, including Mulberry Group Plc and PPR SA in the first quarter alone.” Cashmere house Cucinelli IPO approved by Milan bourse (Reuters)