The Board of Directors of Avon Products, Inc. (NYSE: AVP) (the "Company") today approved a one-time special cash dividend on the Company's common stock and Series C Preferred Stock (on an as-converted to common stock basis) of $0.01604429 per share (the "Special Dividend") in connection with the previously announced proposed acquisition of the Company by Natura &Co; Holding S.A. (B3: NTCO3), a new holding company for Natura Cosméticos S.A. (B3: NATU3). The Special Dividend is payable to shareholders of record as of the close of business on December 30, 2019 and will be paid on January 6, 2020.
Brazilian cosmetics maker Natura & Co is pressing government officials, the private sector and local communities to bolster environmental protections in the Amazon after fires this year disrupted its supply chain, its chief executive told Reuters. Soon to become the world's fourth-largest beauty group after acquiring rival Avon Products Inc, Natura is advocating sustainable development of the Amazon without antagonizing right-wing President Jair Bolsonaro, who has called for greater economic exploitation of the vast region.
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Avon Products, Inc. (NYSE: AVP) ("Avon") announces that Jan Zijderveld will step down as Chief Executive Officer concurrent with the pending closing of the sale of the company to Natura &Co; Holding S.A. (B3: NTCO3), as Avon embarks upon the next chapter in its 130-year history, joining the Natura &Co; family of companies.
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Avon (AVP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 1 (Strong Buy).
S&P; Dow Jones Indices will make the following changes to the S&P; SmallCap 600 effective prior to the open of trading on Monday, January 6:
Moody's Investors Service ("Moody's") has today confirmed the B1 corporate family rating ("CFR") and the B1-PD probability of default rating (PDR) of Avon Products, Inc. (Avon). Concurrently, Moody's has confirmed the B3 rating on the senior unsecured notes issued by Avon and the Ba1 rating of the senior secured notes issued by Avon's wholly owned subsidiaries Avon International Operations, Inc. ("AIO") and Avon International Capital PLC (AIC).
Brazilian cosmetics maker Natura & Co
Brazilian cosmetics company Natura & Co. has completed its acquisition of Avon and named Angela Cretu as Avon's chief executive officer Natura & Co. brands include Natura, The Body Shop and Aesop. The combined company will have 3,000 stores and 40,000 employees more than $10 billion in annual revenue, The New York Times reported.
Kellogg (K) gains momentum on the back of organic growth and buyouts. Further, the company is on track with portfolio-restructuring efforts.
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The board of directors of Avon Products Inc. has approved a one-time special cash dividend in advance of the cosmetic giant’s expected acquisition by the parent company of The Body Shop. The dividend on Avon’s common stock and Series C preferred stock of about 1.6 cents per share is payable to shareholders of record as of the close of business on December 30 and will be paid on January 6. Natura & Co Holding, a holding company for Brazil’s Natura Cosméticos S.A., announced Dec. 19 it has received all regulatory approvals required to complete its acquisition of Avon (NYSE: AVP).
Natura &Co; Holding S.A. (NTCO3 – B3) and Avon Products, Inc. (AVP – NYSE) announce that they have received all regulatory approvals required to complete Natura &Co;'s acquisition of Avon Products, Inc., paving the way for the closing of the transaction expected on January 3, 2020. This follows the approval without restrictions by the Mexican Federal Economic Competition Commission (Comisión Federal de Competencia Económica), the last remaining regulatory approval that is a condition precedent needed to conclude the deal.
A former Procter & Gamble general manager is set to lead a British maker of consumer goods whose brands include some that compete with Procter.
Ah, diversification.It's a word you used to hear a lot about when it came to building a strong portfolio. But the thing is, trends change and all sorts of stories get written about income and/or growth being the bedrock of portfolios.In the height of the dotcom boom, brokers were telling their clients that growth was the new income and that those stupid income stocks were an anchor on their portfolio. Now, tech, e-commerce, and cannabis rule the day. But you need more than just those headline sectors in your portfolio.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat's where mid-cap stocks come in. They are well suited for moderate growth markets like we're in now, because they can show more growth than lumbering large-cap stocks. They also offer more safety than small-caps. * The 8 Biggest Investing Surprises of 2019 These are 'Goldilocks' stocks that are worth a place in your portfolio. Below are seven ideal mid-cap stocks for a diverse portfolio. And they're all A-rated in my Portfolio Grader.Source: Shutterstock Avon Products (NYSE:AVP) may not be a name you thought you would see in this article, but it is back from oblivion and has actually posted some encouraging numbers in recent years.It's certainly a shadow of its former self, but it has retooled and shifted away from its U.S. base into developing markets where access to health and beauty products is more of a challenge.This was part of its allure in the U.S., when more of America was rural and getting a decent selection of beauty products was hard to come by on a regular basis. It was the same concept as the Sears catalog - it brought the store to you, but it involved having a real-life professional show you how to use the products - a makeup counter in your own home.This strategy has been working. And the cosmetics industry is predicted to boom in coming years.The stock is up a whopping 231% in the past year, so there are a lot of believers. In its latest quarter, profits were up but revenue missed slightly.Source: Casimiro PT / Shutterstock.com Carlyle Group (NYSE:CG) is essentially a private equity firm. Before (and after) it went public, it was the place where the Saudi royal family, the Bush family and other old money groups put some of their money in to diversify their portfolios beyond stocks and bonds.It was a very exclusive club. But then it opened up and started to wade into the water with other private equity firms. Now it owns real estate, buys into companies as turnaround plays, offers financing, etc.CG still a quiet company that has a very good track record. And even after running up 95% in the past year, the stock is only trading at a trailing PE under 11 and still delivers a solid 4.4% dividend. * 7 Biotech Stocks to Buy and Hold in 2020 There are certainly bigger names in this game, but CG's client list makes them a very interesting choice if you want to dip your toe into the growing private equity sector.Source: Shutterstock China Biologic Products (NASDAQ:CBPO) has been on my radar for many years. So it wasn't a surprise when a consortium came in and bought the company for $4 billion.When it started, CBPO was a solid medical company that focused on the boring end of drug development - plasma-based biopharmaceutical products for immune system disorders, epidemic diseases, and disaster relief medicines.Basically, it was making front line drugs for a developing economy. In China, that's a lot of business potential. And CBPO was one of the favorites of the government in the space.That means it gets the research grants and orders from the government. As a result, it went from a penny stock to a mid-cap stock literally overnight.It still has plenty of growth left in it, because these are precisely the kind of medical companies that China wants to build.Source: IgorGolovniov / Shutterstock.com ManTech International (NASDAQ:MANT) is an IT and technical services firm that works primarily in the defense sector. This is a very good place to be now.As we modernize the theater of war, it takes an extreme amount of technical support. Think about a networked battlefield with soldiers with heads-up display relaying information to other soldiers, equipment that locate where shots are coming from and calculate countermeasures, drones offering up images of potential combatants and non-combatants - all in real time.And then you have secure communications for covert operations and systems for intelligence services. This is all where MANT makes it business.The defense sector and intel services are very focused on electronic warfare. Money was put into the budget for a new space force as well. You can be sure that MANT is in the middle of all these new contracts. * 7 Energy Stocks That Are Still Worth Buying In 2020 The stock is up nearly 47% this year, yet it still trades at a trailing PE of 30. This is a good time to be a secure tech provider for defense and intel agencies.Source: Shutterstock Aqua America (NYSE:WTR) is one of the leading water companies east of the Rockies. It operates in Ohio, Texas, Illinois, North Carolina, Virginia, New Jersey and Indiana.Basically, as municipalities struggle to keep up to date on their water systems, they turn to companies like WTR to do it for them. Many older towns have outdated systems that need to be upgraded to current standards, pipes and pumps need to be replaced, and wastewater systems upgraded.WTR has the advantage of economies of scale and focused expertise. It has everything it needs on hand and do much of the work and maintenance cheaper than the towns can do it.It's a good business that works out for everyone. Residents get a value for their tax dollars and reliable drinking water, and companies gets long-term contracts.The stock is richly valued here, but the expectation is that WTR is in a growth phase now, so that shouldn't be an issue for long. Also, it has a rock-solid 2% dividend that adds to its allure.Source: madamF / Shutterstock.com Vipshop Holdings (NYSE:VIPS) is a Chinese e-commerce fashion retailer. Think of it as a Chinese version of Macy's (NYSE:M), but without the challenges of brick and mortar stores, or the loss of its brand power to emerging brands.VIPS is the emerging brand and it has a variety of products at all price points. In this way, it's also like a Chinese Amazon (NASDAQ:AMZN) of fashion for women, men and children.VIPS has come a long way in its 11 years. It has an $8 billion market cap now and the stock is up 163% in the past year. Remember, the U.S.-China trade war has been going on 18 months. * 7 Exciting Biotech Stocks to Buy Now The trade war has likely helped VIPS since it wasn't raising prices because of U.S. imports. It likely built an even bigger footprint for itself moving forward since it gained customers over that time. And now that the Chinese economy is on the mend, that means even more growth.Source: Shutterstock Kinross Gold (NYSE:KGC) is one of the bigger gold and silver mining players in the world. It's headquartered in Toronto, Canada but has mines all over the world, generally buying up smaller mines and adding them to its family.While gold may seem a bit antiquated an investment, the fact is, a good gold company is always a good hedge. When the markets are in turmoil or inflation starts to rise, gold rises in demand.And countries around the world still stockpile gold when they see market troubles.Also, silver is an industrial metal as well as a precious one. It's a crucial metal in a lot of high-performance electronics, so demand for silver can grow as demand for electronics expands.Miners don't follow the price of gold directly; they usually underperform when gold is weak and outperform when gold prices are strong. For example, gold is up 14% year to date but KGC is up 40%. This is neither good or bad, but it's good to know if you haven't owned a mining stock before.Again, this is a good hedge at a good time. It shouldn't be a major holding.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 8 Biggest Investing Surprises of 2019 * 7 Impressive Stocks to Buy Over $250 * 4 Small-Cap Energy Stocks Ready to Explode The post 7 Ideal Mid-Cap Stocks for a Diverse Portfolio appeared first on InvestorPlace.
Image via Gucci A new exhibition, called No Space, Just A Place. Eterotopia, is now open at Seoul’s Daelim Museum. The extensive exhibition is organized by Gucci and takes inspiration from the Italian fashion designer Alessandro Michele’s idea of eterotopia …
Read the full report: https://www.reportlinker.com/p05775159/?utm_source=PRN Amid the controversy in L3, some media believe that Audi will give up L3, which is later denied by Audi saying it only elevate the L3 research to Volkswagen Group. Most OEMs plan to …
FG earnings call for the period ending March 31, 2020.
Moody's Investors Service, ("Moody's") has today placed on review for downgrade the B1 Corporate Family Rating ("CFR") and the B1-PD Probability of Default Rating (PDR) of Avon Products, Inc. ("Avon"). Concurrently, Moody's has placed on review for downgrade the B3 rating on the senior unsecured notes issued by Avon and the Ba1 rating of the senior secured notes issued by Avon's wholly owned subsidiaries Avon International Operations, Inc. ("AIO") and Avon International Capital PLC ("AIC").
Bellwether Community Credit Union is proud to announce two leadership appointments in 2020. Joining the credit union are William Zafirson as Senior Vice President/Chief Lending Officer and Lori Holmes as Vice President of Marketing.
New Strong Buy Stocks for December 20th
Campbell (CPB) is focusing on exiting non-key businesses. Accordingly, the company completes the divestiture of Arnott's and certain International operations.
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Helen of Troy's (HELE) robust online business and Leadership Brands bode well. Also, the Housewares segment is a key catalyst.