Angela Cretu has been appointed Avon Products Inc.’s CEO to drive the next phase of the company’s transformation. The appointment follows the recent transaction between Avon and Natura &Co to create the world’s fourth-largest pure-play beauty company. Cretu will be responsible for business operations outside of Latin America and for the oversight of the Avon brand globally. She brings…

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Natura &Co, Avon

Natura &Co announces that it expects to close today the acquisition of Avon Products, Inc. and appoint the new senior leadership team to drive the company’s next phase of growth. The landmark transaction creates the world’s fourth-largest pure-play beauty company. According to the company press release: This marks a major new step in building a…

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Luis Vázquez

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 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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Avon Q2

Avon Products, Inc. (NYSE:AVP) announced its results for the quarter ended June 30, 2019. Total reportable segment revenue decreased 12 percent in reported currency and 5 percent in constant dollars. Price/mix increased 9 percent. Active Representatives from reportable segments declined 10 percent, with decreases reported in all segments, and declined 3 percent compared to first-quarter…

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UN Women’s Empowerment Principles

Avon CEO Jan Zijderveld and Avon general managers across the world pledged the company’s unwavering support for the United Nations (UN) Women’s Empowerment Principles. Avon leaders have written to the UN to declare support for the Women’s Empowerment Principles (WEPs), which encourages organizations to take decisive action towards gender equality. The WEPs list steps that organizations…

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NYSE Board Advisory Council

The New York Stock Exchange today announced the launch of the NYSE Board Advisory Council, which will proactively address the critical need for inclusive leadership by connecting diverse candidates with companies seeking new directors. The Council is comprised of 13 Founding Member CEOs from some of the world’s largest and most well-established brands, including Avon’s CEO Jan Zijderveld.…

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Natura

Natura &Co (B3: NATU3) announced late yesterday that it is acquiring Avon Products, Inc. (NYSE: AVP) in an all-share transaction. The deal, valued by Natura at around $3.7 billion, caps Avon’s strategic pivot to focus on foreign markets, where sales have been stronger in recent years. The company moved its corporate headquarters to London in 2016…

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Avon Q1 2019

Avon Products, Inc. (NYSE: AVP) announced revenue for the quarter ended March 31, 2019, was $1.19 billion, down 15 percent from the first quarter of 2018. Sales in Europe, Middle East and Africa fell 19 percent to $458.7 million and 17 percent to $414.7 million in South Latin America. Sales in Asia Pacific increased 3…

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Avon Foundation for Women

The Avon Foundation for Women today announced the elections of Amy Greene as chair and Natalie Deacon as president of the Avon Foundation Board of Directors. Greene was recently appointed vice president, Investor and Stakeholder Relations for Avon. Deacon was recently appointed executive director, Corporate Affairs and Sustainability. Working with NGOs and Avon teams across…

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