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Avon, which has faded from the consumer's perspective, is under pressure from shareholders to seek a sale

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Avon, which has faded from the consumer's perspective, is under pressure from shareholders to seek a sale
According to MarketWatch, Barington Capital, Shah Capital, NuOrion Partners and other investors are asking Avon's management to seek a sale. They hold a total of 3.5% of Avon. The investors said they were very disappointed with Avon's business situation and deterioration of its stock price, and lost confidence in Avon's current board's ability to create long-term value for shareholders. In their opinion, the best way is for the board of directors to retain financial advisers and seek the sale of the company. Avon has a broad product base, US$5.7 billion in sales, popularity and strong emerging market positioning, enabling Avon to attract some potential buyers. The three investors are more looking forward to a board with better capital strategy to tap Avon's huge value potential. Avon said that Dong...
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