Content about Avon

March 28, 2013
Duck Tape features pop music group on new tape print

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
‘Project Runway’ contestants to make high-fashion styles with Duck Tape

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 to cut jobs, exit two markets as part of cost-savings plan

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 eyes up to $700M in IPO

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
Coty withdraws bid for Avon

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
Coty ups its offer for Avon

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
Coty reaffirms interest in Avon

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 taps former J&J executive to fill CEO role

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 proposes to acquire Avon

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 names new finance chief

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
Magellan specialty pharmacy division gets URAC accreditation

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
Mary Sammons to serve on Magellan's board

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's Ross to serve as Avon's financial chief

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 duct tape adds pizzazz to line

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

January 12, 2010
Zoe Saldana makes 'Magic' with Avon

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