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Avon Products Inc (AVP)

AVP on New York Consolidated

3.74USD
27 Jun 2017
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Latest Key Developments (Source: Significant Developments)

Avon Products appoints Jonathan Myers chief operating officer
Tuesday, 20 Jun 2017 04:01pm EDT 

June 20 (Reuters) - Avon Products Inc -:Avon Products, Inc. appoints Jonathan Myers as chief operating officer.Avon Products Inc says ‍most recently, Jonathan served as kellogg's vice president, western european markets, and managing director, uk and ireland​.Avon Products Inc - James Scully, Avon's current executive vice president and chief operating officer, will be leaving company on october 1, 2017.Avon Products - Fernando Acosta, Avon's executive vice president and chief marketing and social selling officer, will be leaving co, Nov 1st 2017.  Full Article

Barington Capital calls on Avon Products to begin search for new CEO
Thursday, 4 May 2017 05:32pm EDT 

May 4 (Reuters) - :Barington Capital Group calls on Avon Products board to begin a search for a new CEO.  Full Article

Avon Q1 adjusted loss per share $0.07
Thursday, 4 May 2017 06:45am EDT 

May 4 (Reuters) - Avon Products Inc ::Avon reports first-quarter 2017 results.Q1 adjusted loss per share $0.07 from continuing operations.Q1 loss per share $0.10 from continuing operations.Q1 earnings per share view $0.01 -- Thomson Reuters I/B/E/S.Q1 revenue $1.3 billion.Q1 revenue view $1.34 billion -- Thomson Reuters I/B/E/S.Qtrly North Latin America revenue was down 6 pct, or up 2 pct in constant dollars, benefiting from higher average order.Says for full-year 2017, including impact of q1, company expects constant-dollar revenue growth in low single-digits.Avon Products Inc - company is on track to achieve its 2017 cost savings target of $230 million.Qtrly south latin america revenue was up 17 pct, or 2 pct in constant dollars.Avon Products Inc- not able to provide a reconciliation of non-gaap financial measures to gaap because certain items that impact these measures.Avon Products Inc - company expects to increase capital expenditures by approximately $65 million in 2017.Avon Products Inc- during q1 of 2017 recorded costs to implement restructuring within operating profit of approximately $10 million before tax.  Full Article

Avon Products CFO to receive an annual base salary of 550,000 GBP - SEC Filing
Thursday, 1 Dec 2016 07:14am EST 

Avon Products Inc:Avon Products Inc - CFO James Wilson to receive an annual base salary of 550,000 GBP - SEC Filing.  Full Article

Avon Products appoints Jamie Wilson as CFO
Thursday, 1 Dec 2016 06:40am EST 

Avon Products: Jamie Wilson named CFO of Avon Products Inc; James Scully to continue as COO . Avon Products Inc - company's United Kingdom-based corporate headquarters to be fully operational in January 2017 . Wilson will be responsible for all finance functions and will report directly to Avon's chief executive officer, Sheri McCoy . Avon Products Inc says Jamie Wilson succeeds James Scully .Avon Products Inc - prior to joining AVON, Wilson served as CFO of Sabmiller.  Full Article

Avon Products files for offering of Series C preferred stock up to $435 mln
Tuesday, 11 Oct 2016 06:52am EDT 

Avon Products Inc : Files for secondary offering of Series C preferred stock up to $435 million by selling securityholders . In addition, files for secondary offering of common stock up to $147.1 million by selling securityholders .In addition, files for secondary offering Series D preferred stock up to $142.8 million by selling securityholders.  Full Article

Avon Products closes senior secured notes offering
Monday, 15 Aug 2016 05:31pm EDT 

Avon Products Inc :Avon announces closing of senior secured notes offering.  Full Article

Avon reports second-quarter 2016 results
Tuesday, 2 Aug 2016 06:45am EDT 

Avon Reports Second : Q2 adjusted earnings per share $0.07 from continuing operations . Q2 revenue fell 8 percent to $1.4 billion . Q2 earnings per share view $0.02 -- Thomson Reuters I/B/E/S . Quarter 2016 results . Q2 loss per share $0.01 . Q2 earnings per share $0.07 from continuing operations . Says company has identified additional savings, within supply chain and sourcing . Qtrly U.K. Revenue was down 7%, or was relatively unchanged in constant dollars .Says company has identified targeted $70 million of savings to be realized in 2016.  Full Article

Avon products announces cash tender offers
Monday, 1 Aug 2016 04:52pm EDT 

Avon Products Inc : Avon announces cash tender offers .Commenced cash tender offers to purchase up to a total of $650 million aggregate principal amount of its outstanding notes.  Full Article

Avon Products Inc to cut jobs, shift headquarters to UK - Reuters News
Monday, 14 Mar 2016 09:32pm EDT 

Avon Products Inc:Avon Products Inc said on Monday it would cut about 2,500 jobs worldwide and shift its corporate headquarters to the UK as part of its three-year turnaround plan. Avon shares were up nearly 4 percent at $4.55 in extended trading - RTRS.The company sold most of its North American business to Cerberus Capital, its biggest investor, after four years of falling sales.Avon said it expected to record $60 million in pre-tax charges related to job cuts in the first quarter.The company, which has 28,300 employees, said the transition of its headquarters would occur over time.In January, Avon had outlined plans to cut $350 million in costs over the next three years, invest in technology and tap social media to revive sales.However, a bigger-than-expected fall in fourth-quarter sales indicated that the company had failed to revive demand for its cosmetics in key markets."We believe that there is still much more that needs to be done to improve the business as outlined in our December 3 letter," shareholder Barington Capital said in a statement.In December, investors led by Barington proposed a restructuring of Avon, and said they had lost confidence in the makeup brand's leadership.Barington added on Monday that it continued to believe Avon needed to add new independent directors.Avon said it would maintain its current facilities in Suffern and Rye, New York and continue to trade on the New York Stock Exchange under its current symbol.  Full Article

More From Around the Web

Correction: Fitch Affirms Avon's IDR at 'B+'; Outlook Negative

(The following statement was released by the rating agency) NEW YORK, June 20 (Fitch) This is a correction of release published earlier today. It includes the affirmation of Avon International Operations, Inc.'s IDR at 'B+', which was omitted from the original release. Fitch Ratings has affirmed Avon Products, Inc.'s (Avon) Long-Term Issuer Default Rating (IDR) at 'B+'. The Rating Outlook is Negative. A full list of rating actions follows at the end of this release. KEY RATING DRIVERS Weak Opera