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Avon Products Inc In Talks To Settle Bribery Probe-Reuters


Wednesday, 1 Aug 2012 03:40pm EDT 

Reuters reported that Avon Products Inc said it is in talks to settle a U.S. bribery probe into overseas operations, a step analysts said could help the troubled beauty company move past a costly distraction and focus on fixing its business. 'While these discussions will take time, it is progress,' new Chief Executive Sheri McCoy said during a conference call with analysts. The Company said in a regulatory filing it was in talks with the U.S. Securities and Exchange Commission and Department of Justice to settle the bribery probes. 

Company Quote

24.02
0.59 +2.52%
17 May 2013