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As reports circulate about possible sale to PE firm.
January 22, 2015
By: Christine Esposito
Editor-in-Chief
News reports are circulating the Avon is talking to a private equity firm about a possible sale. According to Dealreporter, the PE firm is TPG Capital—although TPG told both CNBC and Bloomberg that it had no comment. The report helped Avon’s stock price rise by almost 15% on Thursday—one of the largest single-day gains reported by the door-to-door beauty company since early 2013. Avon closed at $8.66. The company’s 52-week low was $7.25. Avon Japan is part of the TPG portfolio; Avon ...
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