Avon Products Inc
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Coty's CEO, Michele Scannavini, spoke with CNBC about the fragrance maker's strategy as a public company.
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.160x105.jpg?v=1366904651 "Fed Could Give Market a Safety Net")
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The company gets most of its revenue from perfume brands including Calvin Klein, Davidoff and Playboy as well as those it sells under the names of celebrities such as Beyonce Knowles, Lady Gaga and Jennifer Lopez. Coty's shares, which were priced at $17.50 on Wednesday, fell as much as 3.4 percent to $16.90 in morning trading on the New York Stock Exchange.
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NEW YORK, June 10- After 109 years of selling beauty products, Coty Inc is ready for its close-up, blemishes and all. The maker of Stetson cologne, OPI nail polish and Sally Hansen lip balm, is set to go public Wednesday on the New York Stock Exchange, with shares to trade on Thursday.
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*IPO to be priced at $16.50- $18.50/ shr. May 28- Fragrance maker Coty Inc said it expected its initial public offering of up to 65.7 million Class A shares to be priced at between $16.50 and $18.50 each, raising as much as $1.2 billion.
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May 20- Avon Products Inc, the beauty products direct seller, said on Monday it tapped a former Tupperware Brands Corp executive to be responsible for turning around its business in North America, where sales have been declining for years. Pablo Munoz, who was with Tupperware since 1993, most recently heading the Americas region.
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NEW YORK, April 30- U.S. stocks fell on Tuesday after a weaker-than-expected index of Midwest business activity, and investors booked profits from a rally that took the benchmark S&P 500 index to a record. The market started off flat but dipped just before the public release of the Institute for Supply Management-Chicago business activity index at 9:45 a.m..
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*1st- qtr adj profit 26 cents/ share vs estimates 14 cents. April 30- Avon Products Inc on Tuesday reported a better-than-expected first-quarter profit in the latest sign the beauty products company's business continues to improve, helped by higher sales in key markets Brazil and Russia and cost cuts.
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April 26- Avon Products Inc said on Friday that longtime board member Fred Hassan resigned from its board to focus on his other professional commitments and that Doug Conant was taking over the role of nonexecutive chairman.
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April 26- Avon Products Inc said on Friday that Fred Hassan has resigned from its board and that the chief financial officer will temporarily fill a spot. The world's largest direct seller of cosmetics said CFO Kimberly Ross will join the board on May 2 in order to maintain the minimum number of directors required.
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Stocks reversed their early losses to end near session highs in thin trading Monday, but investors hesitated to jump in ahead of what is expected to be a lackluster first-quarter earnings season.
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The "Fast Money" traders share their final trades of the day.
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Avon Products said on Monday it plans to slash more than 400 jobs as part of a previously announced cost-cutting initiative.
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April 8- Avon Products Inc said on Monday it will slash more than 400 jobs as part of a turnaround plan aimed at restoring the cosmetics maker to profitability. In February, Avon reported surprisingly strong fourth-quarter earnings after reversing sales declines in top markets like Brazil and Russia.
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April 8- Avon Products Inc said on Monday it plans to slash more than 400 jobs as part of a previously announced cost-cutting initiative. The company will also get out of the Ireland market.
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Which leaders might continue to drive the market in Q2. Cramer crunched the numbers.
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The "Fast Money" traders share their final trades of the day.
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McDonald's will give away more than a million breakfast McMuffins across China on Monday, a few days after Chinese state television airs its annual expose on corporate malpractice to mark World Consumer Rights Day.
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SHANGHAI, March 14- McDonald's Corp will give away more than a million breakfast McMuffins across China on Monday, a few days after Chinese state television airs its annual expose on corporate malpractice to mark World Consumer Rights Day.
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NEW YORK, Feb 17- Investors bought everything Avon Products Inc Chief Executive Sheri McCoy was selling last week, lifting shares 23 percent on the back of solid results and a confidence the new CEO has a turnaround plan.
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When Venezuela announced a surprise devaluation last Friday, some big companies took hits to earnings. Could they have been better prepared?
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No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.
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