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Cerberus pumps $400 million into direct seller.
December 17, 2015
By: TOM BRANNA
Editor
After weeks of speculation, Avon North America will be separated from Avon Products into a privately-held company that will be majority-owned and managed by Cerberus Capital Management, a private equity firm. The move was initially cheered by investors, but Avon's share price dipped later in the day as industry observers suggested the Avon board didn't get enough for its North American business. Cerberus will make a $435 million investment in Avon Products. This investment will b...
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