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Avon Rejects Coty Bid After Secret Overtures Avon Rejects Coty Bid After Secret Overtures

The following is an excerpt from EMILY GLAZER AND PAUL ZIOBRO | April 2, 2012 | WSJ.com | Fragrance maker Coty Inc. made an unsolicited offered to buy Avon Products Inc. for $10 billion, taking advantage of the larger company's weakened position to pursue a deal that would expand its offerings and geographic reach. Avon rejected the offer as uncertain and stingy. The approach comes as Avon is entangled in a search for a new CEO, a strategic overhaul needed to reverse ... Read More

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Avon Awaits a Management Makeover Avon Awaits a Management Makeover

The following is an excerpt from Dimitra Defotis | December 14, 2011 | Online.Barrons.com | The beauty company's shares jumped on news that the search is on for a new CEO. Expect more than gloss. Makeup can't erase problems but it can brighten a face, and that's what a new CEO is likely to do for Avon's stock. On Wednesday, shares of Avon Products (ticker: AVP) rose more than 7%, to $17.37, after longtime CEO Andrea Jung agreed to step into a newly ... Read More

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Acorns To Oak Trees–Avon Products, Inc. Acorns To Oak Trees–Avon Products, Inc.

1982: $0.82/Share 2011: $29.71/Share In 1886, David H. McConnell founded the California Perfume Company, which eventually became Avon, in New York City. A book salesman, he had created a rose-scented perfume as a "free gift" to encourage people to buy his books. The perfume became so popular, McConnell decided to abandon the book business and start a perfume company instead. In 1897, McConnell built the California Perfume Company's first factory in Suffern, New York. After his death in ... Read More

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