×
1 098
Fashion Jobs
LEVI'S
Mobile App Trading & Operations Manager
Permanent · London
BLACK PR
Sales Account Manager
Permanent · LONDON BOROUGH OF HACKNEY
ESTÉE LAUDER
Clinique - Consultant - Boots, Inverness - 18 Hours - Part Time, Permanent
Permanent · Inverness
RELY RECRUITMENT
Head of Finance / Finance Manager
Permanent · LONDON
LEVI'S
Performance Marketing Manager
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Bentalls, Kingston - 22.5 Hours / 4 Days - Part Time, Permanent
Permanent · Kingston upon Thames
SHISEIDO
Ecommerce Manager - Nars, Shiseido & Drunk Elephant
Permanent · London
VANS
Account Coordinator - Dutch Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
The Estée Lauder Companies - CRM And Loyalty Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Bluewater - 25.5 Hours - Part Time, Permanent
Permanent · Dartford
ESTÉE LAUDER
Clinique - Consultant - Boots - Metro, Gateshead - 21 Hours - Part Time, Permanent
Permanent · Gateshead
ESTÉE LAUDER
Director, Global Social Marketing
Permanent · London
ESTÉE LAUDER
Tom Ford - Business Manager - John Lewis, Milton Keynes - 37.5 Hours, Days - Full Time, Permanent
Permanent · Milton Keynes
SHISEIDO
Nars Account Manager, Fenwick Bond Street (37.5 Hours)
Permanent · London
LIBERTY LTD
Sales Manager
Permanent · LONDON
LIBERTY LTD
Retail Security Officer
Permanent · LONDON
VF INTERNATIONAL
Inbound Logistics Analyst - 12 Month Ftc
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Trainer
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTÉE LAUDER
Clinique - Consultant - Boots, White City London - 35 Hours - Full Time, Permanent
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Harvey Nichols, Birmingham - 37.5 Hours / 5 Days - Full Time, Permanent
Permanent · Birmingham
ESTÉE LAUDER
Regulatory Scientist - Global Ingredients Compliance
Permanent · Petersfield
By
Reuters
Published
Apr 11, 2012
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Former shareholder preparing bid for Avon

By
Reuters
Published
Apr 11, 2012

Investment firm Richmont Holdings, a former shareholder of Avon Products Inc, is preparing a takeover offer for the beauty products company that rejected a $10 billion bid from a smaller rival earlier this month, Fortune magazine reported.

Avon, TPG
Avon products

Richmont Chairman John Rochon had unsuccessfully tried to buy Avon in the late 1980s when he was the chief executive at privately held rival Mary Kay, Fortune said.

Avon survived as an independent company after rebuffing that offer and another from cosmetics company Amway.

Richmont, which was once Avon's biggest shareholder but ultimately sold its stake, has investments in sectors like banking, publishing and technology, according to its website.

Richmont and Avon did not immediately respond to requests for comment.

Earlier this month, Avon, struggling with falling sales and a regulatory probe, rejected an unsolicited bid from smaller rival Coty Inc, and named Johnson & Johnson senior executive Sherilyn McCoy as its new CEO.

Coty and Avon had held talks a few months ago about a merger that would have involved Avon buying Coty, Chairman Bart Becht had told Reuters when Coty went public with its takeover bid. But as Avon did not make an offer, Coty made a verbal bid, followed by three letters to former Avon CEO Andrea Jung, Becht had said.

Avon, the world's largest direct seller of cosmetics, has had declining sales in markets like the United States, Brazil and Russia. Its famous army of "Avon ladies" sales representatives is shrinking because of uncompetitive commissions and stiff competition.

The company announced in December that Jung would step down as CEO after spending more than a decade at the helm. Jung is still its executive chairman.

Avon shares were up 4 percent at $23.10 in early morning trade on the New York Stock Exchange.

© Thomson Reuters 2022 All rights reserved.