LONDON,
March 22, 2019 /PRNewswire/ -- Avon
Products, Inc. (NYSE:AVP) ("the Company"), a globally recognised
leader in direct selling of beauty products, today confirmed there
have been preliminary discussions with Natura & Co. (BVMF:
NATU3) regarding a potential transaction.
The Company does not intend to comment further at this
time.
Avon's management team
remains focused on the turnaround strategy that we have articulated
to investors to drive long-term value for our
shareholders.
About Avon Products, Inc.
For 130 years Avon has stood for
women: providing innovative, quality beauty products which are
primarily sold to women, through women. Millions of
independent sales Representatives across the world sell iconic Avon
brands such as Avon Color and ANEW through their social networks,
building their own beauty businesses on a full- or part-time
basis. Avon supports women's
empowerment, entrepreneurship and well-being and has donated over
$1billion to women's causes through
Avon and the Avon
Foundation. Learn more about Avon and its products
at www.avonworldwide.com. #Stand4Her
Forward-Looking Statements
This
press release contains "forward-looking statements" that are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, including statements relating to the
Company's transformation plan, its business strategy, future growth
and long-term value, and a potential transaction with Natura.
Because forward-looking statements inherently involve risks and
uncertainties, actual future results may differ materially from
those expressed or implied by such forward-looking
statements. These risks and uncertainties include, but are
not limited to, the possibility of business disruption, competitive
uncertainties, and general economic and business conditions in
Avon's markets as well as the
other risks detailed in Avon's
Annual Report on Form 10-K for the year ended December 31, 2018, that was filed with the
Securities and Exchange Commission. Avon undertakes no obligation to update any
statements in this press release for changes that happen after the
date of this release.
INVESTORS:
Amy Greene, Vice President, Investor Relations,
Avon Products, Inc.
(US) 914-935-2172
Email: amy.greene@avon.com
MEDIA:
Natalie Deacon, Executive Director
Communications, Avon Products, Inc.
(UK) + 44(0)
7725 150853
Email: media.enquiries@avon.com /
natalie.deacon@avon.com
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SOURCE Avon Products, Inc.