Avon products to be sold by Superdrug in tradition-breaking move
It is the first time Avon's products have been available on UK high streets
Company
NYSE:AVP
Avon Products is responsible for more than 1bn customer transactions each year, making it the world's largest direct seller of cosmetics and one of the largest global beauty companies. Avon's product range includes cosmetics, fragrances and toiletries, jewellery, watches and clothing and accessories, home products, gifts, decorative items and candles, an aromatherapy line, exercise equipment and stress relief and weight management products. The company boasts operations in 58 countries and covers 143 markets worldwide.
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It is the first time Avon's products have been available on UK high streets
Natura agreed to buy Avon in May 2019 through a share swap that valued the over 130-year old company's equity at around $2 billion
The combined cosmetic entity will be the fourth-largest pure-play beauty group in the world
Investments and investor services
Both company’s boards have approved the deal, according to a Wall Street Journal report
The deal could reunite Avon with its privately-held North American business, which it sold in 2015
Investments and investor services
Also on the move are Crispr Therapeutics AG, Insys Therapeutics Inc, Phoenix New Media Ltd and Uniqure NV
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Materion, Precision Drilling and Avon Products are also seeing trading action
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1-800-Flowers.com, II-VI Inc, and KEMET Corporation are also making news
The number of active representatives fell 5% in the third quarter
Investments and investor services
The beauty products company appointed a new vice president of investors relations and a chief digital officer
The NYSE-listed firm said its fourth-quarter revenue was flat at US$1.57mln, a touch below the consensus of US$1.60bn, but adjusted income per share was 12 US cents, beating consensus for 7 US cents
The cosmetics seller has been called on to consider its strategic options.
US shares ended lower on Thursday as the four major stock benchmarks snapped their longest record-setting streak since 1995 amid another pause on the Trump rally since November
US stocks ended higher on Monday, but geopolitical factors across Europe blighted the second half of the session
US stocks closed just shy of record highs on Tuesday after a seesaw session which saw investors brush off depressed oil prices
US stocks ended higher on Tuesday with a boost from high drama in the healthcare sector
Unique 3D training and administration platform helps drive fast sales team growth
The brokerage boosts beauty products marketer’s rating and price target.
U.S. stock index futures rose today after Empire State factory gauge moved back into positive territory in May and as investors awaited manufacturing and consumer sentiment data. S&P 500 futures added 0.2 percent to 2,121. E-mini Dow fu