Avon Products Inc.

Avon Receives Shareholder Approval for Proposed Acquisition by Natura &Co

Shareholder Approval

Avon Products, Inc. announced that its shareholders approved the proposed acquisition of Avon by Natura &Co Holding S.A., a new holding company for Natura Cosméticos S.A. More than 75 percent of Avon’s shares outstanding, on an as-converted basis, were voted in favor of the proposal to adopt the merger agreement. “We are pleased that our shareholders have strongly supported Avon’s combination…

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Avon Launches Avon Beauty Awards in Argentina, Chile

Avon Beauty Awards

Avon has challenged 60 beauty and lifestyle influencers in Argentina and Chile to take part in a contest that will engage thousands of social media users. The winner of the chance will earn a once-in-a-lifetime trip to the renowned Avon Innovation Centre in New York. The contest had two phases and several challenges that must…

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Brazil’s Anti-Trust Authority Approves Natura’s Acquisition of Avon

Brazil's Anti-Trust Authority

CADE, Brazil’s anti-trust authority, has approved without restrictions the acquisition by Natura &Co of Avon Products, Inc. Approval by Brazil’s competition authorities is one of the key steps towards the completion of the transaction, which remains subject to the fulfillment of other conditions precedent, including antitrust approval in other applicable jurisdictions. Announced on May 22, 2019, the transaction will create…

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Avon Q3 2019 Revenue Down 16%

Avon Q3

Avon Products, Inc. announced revenue of $1.18 billion for the third quarter ended September 30, 2019, down 16 percent from $1.4 billion in Q3 2018. “We continue to execute our Open Up turnaround strategy, with productivity gains driving adjusted operating margin expansion and improved free cash flow,” said Avon CEO Jan Zijderveld. “The push and pull…

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CHI and LG Household & Health Care Launch Haircare Line with New Avon

CHI

Farouk Systems, Inc. and LG Household & Health Care announced the launch of a new exclusive haircare line called AVON CHI® ESSENTIALS. The new product line, which will be sold throughout the U.S. and Canada beginning October 30, will be sold through avon.com and New Avon’s direct sales program. LG H&H acquired New Avon Company in April 2019. Under LG…

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Natura &Co, Avon Close to Closing Transaction

Natura &Co, Avon

Following the May announcement that it had reached an agreement to acquire Avon Products, Inc., Natura &Co recently announced that it has completed important steps towards closing the transaction. As previously announced to the market, Natura &Co Holding S.A. will be the new holding company for the Natura &Co group, having dual listing in the Brazilian and in…

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Avon Introduces New Brand, Distillery

Distillery

Avon Products, Inc. announced the launch of Distillery, a new skincare and make-up brand that celebrates clean beauty without compromise. According to Avon, the new collection offers huge potential for driving the company’s brand rejuvenation and growth. It’s backed by an innovative Instagram virtual distillery to create an engaging journey to purchase, opening up access…

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New Avon White Paper Explores Relationship Between Beauty And Happiness

New Avon White Paper

Avon Products, Inc. announced its major new white paper, Beauty, Happiness and the Rise of the “Perfectly Me.” This cultural snapshot of Avon’s perspective on beauty explores the company’s new thoughts around women, happiness and ever-evolving attitudes to beauty. The report was co-created by key members of Avon’s research and development and innovation teams and led by Chief Scientific Officer Louise…

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Avon Foundation Argentina Awards $1 Million to Social Change Projects

Avon Foundation Argentina

The Avon Foundation Argentina recently announced new awards totaling $1 million to women-led social projects at the 12th annual Avon Foundation Women Solidarity Awards. Five winners will be granted $200,000 each towards an initiative they’ve created and implemented to improve the lives of people in their communities. The Solidarity Awards aim to stimulate and support community…

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