Proactive Investors - Run By Investors For Investors

Avon stock up on talk of potential sale to Brazilian rival Natura

The deal could reunite Avon with its privately-held North American business, which it sold in 2015
Avon makeup
Shares of the cosmetics maker have nearly doubled in 2019

Avon Products Inc (NYSE:AVP) is discussing a possible sale with Bazillion competitor Natura & Co, the Wall Street Journal reported Friday.

Citing a person familiar with the matter, the report indicated Natura might also acquire Avon’s now-privately held North American business, stitching the cosmetics maker back together. The door-to-door makeup seller sold a majority stake in its North American arm to Cerberus Capital in 2015 and moved its headquarters to London from New York.

The stock is sitting pretty, up 11% to $3.09. Including today, shares have more than doubled since 2019 began. 

View full AVP profile View Profile

Avon Products Timeline

April 02 2012

Related Articles

woman sun bathing
July 02 2019
The company, which makes a range of cosmetic and beauty products, said it would also aim to increase product innovation after forecasting a strong finish for its 2019 financial year

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use