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Avon Products Inc. is splitting itself into two units, focusing on developed and developing markets and shaking up its management weeks after the world’s largest direct seller of cosmetics took the blame for problems in markets such as Brazil.
Avon said it would move its six commercial business units into two major business groups. Get the full story »
Beauty products direct-seller Avon Products Inc. said it will buy closely held sterling-silver jewelry seller Silpada Designs Inc. for at least $650 million.
An additional payment will be made to Silpada shareholders in early 2015 if certain earnings-growth targets are hit. There is no contractual minimum or maximum to this potential payment, but Avon estimated that it could range from $50 million to $100 million. Get the full story »
