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Avon Products, Inc.

6/18/2013, 4:24 AM ET

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Tuesday, May 28, 11:16 AM The resignation of Fred Hassan from the chairmanship position at Avon Products (AVP +1.7%) appears even odder to dealReporter after Bausch & Lomb sold itself to Valeant Pharmaceuticals, a move which in theory would leave Hassan freed up from his duties as B&L. One intriguing possibility is that as a partner of Warburg Pincus the exec may have needed to leave the board just in case the firm became a P-E target. Comment!
Monday, May 13, 10:19 AM Consumer products giant Coty will file an application with the SEC later today for a $700M IPO, according to Women's Wear Daily. Analysts think a public Coty could make another run for Avon Products (AVP +0.1%) after last year's acquisition bid failed. Comment! [Consumer, Global & FX]
Monday, May 6, 8:08 AM Retail expert Hitha Prabhakar thinks PE-owned Talbots, Pacific Sunwear (PSUN), and Avon Products (AVP) are three consumer products companies which have lost their way. Misfires by management and online pressures are hitting the trio square in the face, according to Prabhakar. Comment! [Consumer]
Tuesday, April 30, 10:13 AM Avon Products, Inc. (AVP) declares $0.06/share quarterly dividend, in line with previous. Forward yield 1.00%. For shareholders of record May 14. Payable June 03. Ex-div date May 10. (PR) Comment! [Dividends]
Tuesday, April 30, 9:10 AM Premarket gainers: HPY +10%. HTWR +9%. ANAD +9%. AVP +8%. UBS +7%. BBY +6%.
Losers: DCTH -20%. AVEO -16%. NUAN -15%. PBI -10%. MTG -8%. CNH -6%. RVBD -6%. QGEN -5%. Comment! [On the Move]
Tuesday, April 30, 7:59 AM More on Avon Products (AVP): Total items sold during the period fell 3% as it shifted toward a focus on profitability and hit some turbulence in U.S. markets. The company notes that due to a probe by U.S. regulators into bribery allegations it will incur a "material loss" at some point. AVP +3.4% premarket. (PR) Comment! [Consumer, On the Move, Earnings]
Tuesday, April 30, 7:53 AM More on Avon Products (AVP): The company says solid results in Latin America and Europe helped the company improve margins to beat EPS estimates. On the revenue side, Avon Beauty sales fell off 5% while the personal care, color, and skincare categories all saw a slip in sales on a reported basis - but held up on a constant-dollar basis. Due to the devaluation of the Venezuelan currency, Avon took a one-time charge of $34M in other expense and $17M in income taxes. AVP +3.4% premarket. (PR) Comment! [Consumer, Earnings, On the Move]
Tuesday, April 30, 7:04 AM Avon Products (AVP): Q1 EPS of $0.26 beats by $0.13. Revenue of $2.5B (-4% Y/Y) misses by $0.01B. (PR) Comment! [Earnings, Breaking News]
Tuesday, April 30, 12:05 AM Notable earnings before Tuesday’s open: ABFS, AET, AGCO, AMED, ARCO, AVP, BEN, BP, CIE, CMI, CNH, COCO, CRIS, CYNO, DBD, DDD, DPZ, ECL, EPD, ESV, EXAS, FCH, FIS, FLWS, GAS, GOV, HCLP, HCP, HEP, HNR, HOT, HRS, HUN, HW, IVZ, KLIC, LM, MCGC, MHP, MLM, MNTA, MPC, MPLX, MSO, MTG, MTOR, MWV, NEE, NI, NYX, ODP, OSK, PBI, PEG, PES, PFE, ROC, SAVE, SIRI, TFX, THC, TRI, TRW, UBS, UDR, VLO, VSH, WEC, X, XYL, ZTS Comment! [Earnings]
Monday, April 29, 5:30 PM Notable earnings before Tuesday’s open: ABFS, AET, AGCO, AMED, ARCO, AVP, BEN, BP, CIE, CMI, CNH, COCO, CRIS, CYNO, DBD, DDD, DPZ, ECL, EPD, ESV, EXAS, FCH, FIS, FLWS, GAS, GOV, HCLP, HCP, HEP, HNR, HOT, HRS, HUN, HW, IVZ, KLIC, LM, MCGC, MHP, MLM, MNTA, MPC, MPLX, MSO, MTG, MTOR, MWV, NEE, NI, NYX, ODP, OSK, PBI, PEG, PES, PFE, ROC, SAVE, SIRI, TFX, THC, TRI, TRW, UBS, UDR, VLO, VSH, WEC, X, XYL, ZTS 1 Comment [Earnings]
Friday, April 26, 7:51 AM Avon Products (AVP) announces that long-time board member Fred Hassan has resigned from the board. Reading between the lines, the transitioning of the board could indicate support for CEO Sheri McCoy is intact. Comment! [Consumer]
Thursday, April 25, 1:56 PM The Avon Lady might be rolling around in her grave with news of the latest development in the world of fast-pace cosmetics selling. Chanel is introducing new vending machines which will dispense high-end cosmetic on demand. For a large part of the luxury cosmetics industry the focus has been on trying convince Chinese consumers to buy fragrances and make-up, but now more firms like Chanel are starting to dip into new channels. Cosmetics sellers: Avon Products (AVP), Estee Lauder (EL), Ulta Salon (ULTA), L'Oreal (LRLCY.PK), Sephora (LVMHF.PK). Comment! [Consumer, Global & FX]
Monday, April 8, 8:59 AM More on Avon Products' (AVP) restructuring moves: The company sees total charges of $35M to $40M as its cuts headcount and trim operations, but expects to generate $45M-$50M in annualized savings after the measures are fully absorbed. 1 Comment [Consumer]
Monday, April 8, 7:38 AM Avon Products (AVP) says it will reduce its global headcount by 400 associates as part of a broad $400M cost savings initiative. The company will also close or restructure operations in under-performing markets in parts of Europe, the Middle East, and Africa. Comment! [Consumer]
Friday, March 15, 6:40 AM Directors at Avon Products (AVP) win a dismissal in a lawsuit filed by shareholders over their alleged failure to enter discussions with Coty on a takeover offer. The judge in the case ruled the directors didn't breach their fiduciary duty. Comment! [Consumer]
Thursday, March 14, 7:55 AM Avon Products (AVP) says it completed a $1.5B offering of senior notes and entered into a new $1B credit facility. The company has plans to pay off $1.9B in debt with the funds. AVP +0.8% premarket. Comment! [Consumer]

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