Content about AVON

February 20, 2014

Coty and Avon inked a deal under which Avon Brazil will market and sell select Coty fragrances and its ancillaries through Avon's 1.5 million independent sales representatives in Brazil.

NEW YORK — Coty and Avon inked a deal under which Avon Brazil will market and sell select Coty fragrances and its ancillaries through Avon's 1.5 million independent sales representatives in Brazil.

Although the details are still being finalized, the intent is for Avon to carry a collection of Coty's celebrity and lifestyle fragrances in the Avon Brochure in Brazil, the companies said in a joint statement.

The arrangement is subject to final documentation, which the companies plan to complete over the next few months.

 

November 5, 2013

Duck Tape brand duct tape will join forces with Fiskars Corp. to introduce a new line of scissors for crafting.

AVON, OH — Duck Tape brand duct tape will join forces with Fiskars Corp. to introduce a new line of scissors for crafting, the companies announced on Tuesday.

“Both Duck brand duct tape and Fiskars share a commitment to creating innovative products that help people express their creativity,” Fiskars VP brand marketing Jay Gillespie said. “This partnership is a perfect fit, and we’re looking forward to giving enthusiasts tools that make creating with Duck Tape easier than ever before.”

August 5, 2013

Dana Classic Fragrances, whose signature brands include Tabu, Chantilly, Love’s Baby Soft and English Leather, announced on Monday that former Avon executive Terrence Moorehead has been named CEO.

NEW YORK — Dana Classic Fragrances, whose signature brands include Tabu, Chantilly, Love’s Baby Soft and English Leather, announced on Monday that former Avon executive Terrence Moorehead has been named CEO.

March 28, 2013

ShurTech Brands, makers of Duck Tape, announced today a new Duck Tape print featuring the pop music group One Direction.

AVON, Ohio — ShurTech Brands, makers of Duck Tape, announced today a new Duck Tape print featuring the pop music group One Direction.

March 6, 2013

Duck Tape is heading to the runway this Thursday on Lifetime’s “Project Runway,” as season 11’s aspiring designers face the “Unconventional Materials Challenge,” a competition in every season that challenges them to create high-fashion clothing from something other than fabric.

AVON, Ohio — Duck Tape is heading to the runway this Thursday on Lifetime’s “Project Runway,” as season 11’s aspiring designers face the “Unconventional Materials Challenge,” a competition in every season that challenges them to create high-fashion clothing from something other than fabric.

December 12, 2012

Avon, a direct seller of beauty products, has outlined initial steps toward its previously announced cost-savings initiative, which includes the reduction of about 1,500 global jobs.

NEW YORK — Avon, a direct seller of beauty products, has outlined initial steps toward its previously announced cost-savings initiative, which includes the reduction of about 1,500 global jobs.

The company also announced that it will exit the South Korea and Vietnam markets. These actions are aimed at concentrating resources on high-priority markets and activities and boosting efficiencies, and are expected to be largely completed before the end of 2013, the company stated.

June 29, 2012

Coty has filed to raise as much as $700 million in an initial public offering.

NEW YORK — Coty has filed to raise as much as $700 million in an initial public offering. The filing with the Securities and Exchange Commission comes about a month after the beauty company dropped its bid for Avon because of Avon’s “delay and unwillingness to engage in discussions.”

In the filing, Coty told the SEC that it intends to list the Class A common stock on either the NASDAQ or the New York Stock Exchange under the symbol “COTY.” Coty did not reveal how many shares it plans to sell or their expected price.

May 15, 2012

Just days after Coty upped its proposal for Avon, the former has decided to withdraw its offer, citing Avon’s “delay and unwillingness to engage in discussions.”

NEW YORK — Just days after Coty upped its proposal for Avon, the former has decided to withdraw its offer, citing Avon’s “delay and unwillingness to engage in discussions.”

May 10, 2012

In an effort to move forward with its acquisition of Avon, Coty has reached out to Avon's board members in a letter, stating that Coty is willing to augment its original buyout offer.

NEW YORK — In an effort to move forward with its acquisition of Avon, Coty has reached out to Avon's board members in a letter, stating that Coty is willing to augment its original buyout offer.

April 17, 2012

Two weeks after Avon rejected Coty’s bid to snap up the company in a deal valued at $10 billion, Coty is reaffirming its interest in Avon and is urging Avon shareholders to push for the offer.

NEW YORK — Two weeks after Avon rejected Coty’s bid to snap up the company in a deal valued at $10 billion, Coty is reaffirming its interest in Avon and is urging Avon shareholders to push for the offer.

As previously reported, Coty submitted a nonbinding proposal to acquire Avon for $23.25 per share in cash. The proposal, valued at approximately $10 billion, represents a substantial premium of 27% over the three-month, volume-weighted average price for Avon shares, Coty stated.

April 9, 2012

Avon, which recently rejected a bid from Coty, has ended its previously announced search for a new CEO by hiring former Johnson & Johnson executive Sheri McCoy to take the helm.

NEW YORK — Avon, which recently rejected a bid from Coty, has ended its previously announced search for a new CEO by hiring former Johnson & Johnson executive Sheri McCoy to take the helm.

McCoy will assume her role as Avon CEO as of April 23. The appointment brings to a close a four-month search to replace CEO Andrea Jung. Jung will continue as chairman of the board.

April 2, 2012

Coty announced on Monday that it has submitted a nonbinding proposal to acquire Avon in a deal valued at about $10 billion; however, Avon has rejected the unsolicited bid.

NEW YORK — Coty announced on Monday that it has submitted a nonbinding proposal to acquire Avon in a deal valued at about $10 billion; however, Avon has rejected the unsolicited bid.

Coty has submitted a nonbinding proposal to acquire Avon for $23.25 per share in cash. The proposal, valued at approximately $10 billion, represents a substantial premium of 27% over the three-month, volume-weighted average price for Avon shares, Coty stated.

September 14, 2011

Ahold has announced the appointment of Jeff Carr as EVP and CFO, starting Nov. 12.

AMSTERDAM — Ahold has announced the appointment of Jeff Carr as EVP and CFO, starting Nov. 12.

Carr will be a member of Ahold’s corporate executive board, pending shareholder approval. He will succeed Kimberly Ross, who is leaving Ahold in November to become CFO of Avon.

Carr will be responsible for Ahold’s finance, real estate and IT functions. He will also manage the company’s existing €350 million cost reduction program and explore further ways to reduce costs and simplify the business.

August 4, 2011

Healthcare accrediting organization URAC has given accreditation to Magellan Health Services' specialty pharmacy division.

AVON, Conn. — Healthcare accrediting organization URAC has given accreditation to Magellan Health Services' specialty pharmacy division.

Magellan announced Wednesday that ICORE Healthcare had received the accreditation after meeting the Washington-based organization's standards, developed by its pharmacy advisory committee.

July 27, 2011

Rite Aid chairman Mary Sammons has been appointed to Magellan Health Services’ board of directors, Magellan said.

AVON, Conn. — Rite Aid chairman Mary Sammons has been appointed to Magellan Health Services’ board of directors, Magellan said.

The addition of Sammons increases the number of members on Magellan’s board to nine. Sammons began at Rite Aid as president and COO in 1999, becoming CEO in 2003 and chairman in 2007. The current president and CEO is John Standley.

May 25, 2011

Royal Ahold executive Kimberly Ross is joining beauty company Avon as EVP and CFO, reporting to Andrea Jung, Avon's chairman and CEO.

NEW YORK — Royal Ahold executive Kimberly Ross is joining beauty company Avon as EVP and CFO, reporting to Andrea Jung, Avon's chairman and CEO.

Ross currently is EVP and CFO and a member of the executive board of Royal Ahold NV, a Netherlands-based international group with more than 2,970 stores and supermarkets spanning Europe and the United States.

August 4, 2010

Duck-brand duct tape is unleashing its wild side with the launch of new colors and...

January 12, 2010

Avon has signed actress Zoe Saldana, who appears as Neytiri in the sci-fi thriller "Avatar,"...