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April 30, 2012
By: TOM BRANNA
Editor
• Coty Inc. made an unsolicited $10 billion bid for Avon Products last month, which was promptly rejected by the board of the world’s biggest direct selling company. A wounded Avon became a target after several years of lackluster results, an unsettled executive suite and questionable dealings in overseas markets. In rejecting the Coty offer, Avon said it was focused on finding a CEO to replace Andrea Jung, who would remain as chairman. It then named Sherilyn S. (Sheri) McCoy as chief executi...
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