NEW YORK, May 13, 2012 /PRNewswire/ -- Avon Products, Inc.
(NYSE: AVP) today advised Coty Inc. that Avon's Board of Directors, in conjunction with
management and the company's financial and legal advisors, will
consider Coty's letter dated May 9,
2012. Avon's Board expects to respond within a
week.
Avon, the company for women, is
a leading global beauty company, with over $11 billion in annual revenue. As the
world's largest direct seller, Avon markets to women in more than 100
countries through approximately 6.4 million active independent Avon
Sales Representatives. Avon's product line includes beauty
products, as well as fashion and home products, and features such
well-recognized brand names as Avon Color, ANEW, Skin-So-Soft,
Advance Techniques, Avon Naturals, and mark. Learn
more about Avon and its products
at www.avoncompany.com.
SOURCE Avon Products, Inc.