Key Developments: Avon Products Inc (AVP)

AVP on New York Consolidated

9.46USD
18 Dec 2014
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$0.13 (+1.39%)
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Latest Key Developments (Source: Significant Developments)

Avon Products announces FCPA settlement with DOJ and SEC
Wednesday, 17 Dec 2014 05:19pm EST 

Avon Products, Inc:Enters into agreements with the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) related to the previously disclosed Foreign Corrupt Practices Act (FCPA) investigations.Terms of agreements are in line with the expected terms the company previously reported.Agreements include aggregate payments of $135 million to two U.S. govt. agencies, with $68 million in fines payable to the DOJ and $67 million in disgorgement and prejudgment interest payable to SEC, in connection with charges it violated books and records and internal controls provisions of FCPA.Under a deferred prosecution agreement (DPA), which received court approval today, the DOJ will defer criminal prosecution of the company for a period of three years in connection with the alleged violations of the FCPA.  Full Article

Avon Products Inc reaffirms Q4 2014 revenue guidance - Conference Call
Thursday, 30 Oct 2014 01:00pm EDT 

Avon Products Inc:Continue to anticipate constant dollar sales and margin growth for the Q4 2014.Q4 2014 revenue of $2.485 bln - Thomson Reuters I/B/E/S.  Full Article

Avon Products Inc declares quarterly dividend
Thursday, 30 Oct 2014 07:00am EDT 

Avon Products Inc:Declares regular quarterly dividend on its common stock of $.06 per share.Payable on Dec. 1.Record date on Nov. 13.  Full Article

Avon Products appoints acting chief financial officer - Form 8-K
Friday, 17 Oct 2014 05:04pm EDT 

Avon Products Inc:Announced Robert Loughran, vice president and corporate controller, as acting chief financial officer effective Oct. 2.  Full Article

Avon Products Inc announces CFO transition
Monday, 8 Sep 2014 05:17pm EDT 

Avon Products Inc:Says Kimberly Ross, Executive Vice President and Chief Financial Officer, has resigned effective Oct. 02.Ross joined Avon in 2011.Robert Loughran, Vice President and Corporate Controller, will be appointed Avon's acting Chief Financial Officer effective Oct. 02, while company completes the search process for permanent CFO.  Full Article

Avon Products Inc declares dividend
Thursday, 31 Jul 2014 07:00am EDT 

Avon Products Inc:Declares a regular quarterly dividend on its common stock of $.06 per share.Payable Sept. 2, to shareholders of record on Aug. 14.  Full Article

Avon Products Inc affirms issuer default rating at 'BB'
Friday, 2 May 2014 07:09pm EDT 

Avon Products Inc:Affirms long-term issuer default rating (IDR) at 'BB.  Full Article

Avon Products Inc declares regular quarterly dividend
Thursday, 1 May 2014 07:00am EDT 

Avon Products Inc:Declares regular quarterly dividend on its common stock of $.06 per share.Payable June 2 to shareholders of record on May 15.  Full Article

Avon Products, Inc. and Coty Inc intent regarding commercial arrangement
Thursday, 20 Feb 2014 08:01am EST 

Avon Products, Inc. and Coty Inc:Executes a letter of intent regarding a commercial arrangement.Says where Avon Brazil would market and sell select Coty fragrances and its ancillaries through Avon's 1.5 mln independent Sales representatives in Brazil.Says 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.  Full Article

Avon Products Inc and Korres Natural Products SA enter into strategic alliance in Latin America
Monday, 10 Feb 2014 06:00pm EST 

Avon Products Inc:Enters into an agreement through which Korres Natural Products SA has granted Avon exclusive rights to develop, manufacture and market KORRES products in Latin America.Created by Greek pharmacist George Korres, KORRES is a Greek skincare brand established for its efficacious natural formulations.This long-term strategic alliance includes all major markets where Avon operates in Latin America, and provides Avon the option to purchase all of the intellectual property rights to the KORRES products in that region.  Full Article

Avon China unit pleads guilty to bribery in $135 million accord

NEW YORK/WASHINGTON - The China unit of Avon Products Inc pleaded guilty on Wednesday in connection with a bribery scheme and Avon agreed to pay $135 million to resolve related civil and criminal charges.

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