Monthly Archives: December 2015

Hot Business News Today

Avon In Talks To Sell North American Unit

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According to an CNBC article:
Cosmetics company Avon is in talks to sell its North American business to private equity firm Cerberus amid activist shareholder pressure, Dow Jones reported Thursday, citing sources.

Shares of Avon closed nearly 7 percent higher on the day.
Avon and Cerberus aim to reach a deal this month, according to the wire service. Cerberus would become the company’s biggest shareholder and would make a minority investment, the report said.
Cerberus did not immediately respond to CNBC’s request for comment. The report comes amid struggles for Avon. Its shares have fallen nearly 60 percent this year.
An activist group including Barington Capital has built a more than 3 percent stake in Avon, and would oppose a private equity deal, Barington said. It wants the company to reduce costs and appoint new independent directors

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Hot Business News Today

Well and Company Appoints Michelle Merriwether As VP Of Sales

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Well & Company, a wellness startup offering a science driven daily lifestyle system which offers products and practices that deliver sustained energy and a positive outlook, has selected Michelle Merriwether to join the company as Executive Vice President of Field Sales.
Merriwether has a successful track record growing established and emerging brands, including Avon, GNLD International, USANA, and North American Power. She brings more than 20 years of executive management and leadership experience to Well & Company.
“We are excited to have Michelle join Well & Company,” said Maigread Eichten, CEO.

“Michelle, given her past success and experience, coupled with her passion and enthusiasm for wellness entrepreneurs, is uniquely qualified to lead our community and drive explosive growth for our Guides in the field”.

Michelle went to Ball State on a track and field

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