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Privately-held and managed by an affiliate of Cerberus.
March 1, 2016
By: Melissa Meisel
The separation of Avon's North America business into a privately-held company that is majority-owned and managed by an affiliate of Cerberus is now complete. The North American business will operate under the name New Avon LLC. Avon Products, Inc., comprised of the remaining international markets, continues to trade on the New York Stock Exchange under the ticker AVP. Under the terms of the transaction, an affiliate of Cerberus invested $435 million in Avon in exchange for Avon converti...
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