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Bruised and battered, but still attractive to Coty.
December 18, 2012
By: TOM BRANNA
Editor
The year(s) has not been kind to Avon Products Inc. The world’s largest direct-seller of cosmetics has been under scrutiny for bribery, has seen its sales and profits fall and ultimately forced out its long-time CEO. To make matters worse, earlier this year Avon Brass turned down Coty’s buyout offer of more than $24 a share. Yesterday, Avon’s share price was less than $14. Luckily for Avon, Coty still seems smitten with the battered brand. According to a report in Motley F...
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