The Wall Street Journal reports: Avon Products Inc. is negotiating to sell a stake to a private-equity firm, a sign that the cosmetics purveyor has been unable to find a buyer for the entire company.
Thursday’s news didn’t go over well with Wall Street. Investors often frown on companies selling stock at depressed prices and diluting existing owners. Shares of Avon fell 9.5% to $4.10, and are now down 56% on the year. The stock has lost roughly 90% of its value from a 2004 high and the company has a market capitalization of less than $1.8 billion.
Avon is in talks about a stake sale with a number of private-equity firms, according to people familiar with the matter. They include Cerberus Capital Management LP and Platinum Equity LLC, which specialize in distressed investing, these people said.
Monthly Archives: September 2015
Hot Business News Today
Blyth Reports Quarterly Earnings At $9 Million Loss
by Tina Williams • • 0 Comments
Blyth, Inc. reports preliminary financial results for the quarter ended June 30, 2015.
We analyze the earnings along side the following peers of Blyth, Inc. – Lifetime Brands, Inc., GNC Holdings, Inc. Class A, Jarden Corporation, Vitamin Shoppe, Inc. and Tupperware Brands Corporation (LCUT-US, GNC-US, JAH-US, VSI-US and TUP-US) that have also reported for this period.
Highlights
Summary numbers: Revenues of USD 87.99 million, Net Earnings of USD -8.83 million, and Earnings per Share (EPS) of USD -0.55.
Gross margins narrowed from 64.24% to 61.48% compared to the same quarter last year, operating (EBITDA) margins now -4.32% from 0.74%.
Year-on-year change in operating cash flow of -88.46% is about the same as the change in earnings, likely no significant movement in accruals or reserves.
Narrowing of operating margins contributed to decline in earnings.
Company Profile
Blyth, Inc. designs, manufactures, markets
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Criteria to Consider When Renting Commercial Space
by Joe Worth • • 0 Comments
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10 Unique Food Trucks Serving Up Business Inspiration
by Successful IBO • • 0 Comments
These food trucks are dishing out more than just good food — entrepreneurs can learn a lot from their creativity, too.
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XANGO Launches Aeris Anti-Aging Solution
by Nicole Dunkley • • 0 Comments
Global wellness and direct sales leader XANGO at its global convention at the MGM Grand Resort & Casino launched a complete anti-aging solution: XANGO Aeris™. Featuring a three-step system to reverse the signs of aging, Aeris firms skin around the eyes, and reduces signs of fine lines and wrinkles. Aeris’ Marine Collagen Complex optimizes the body’s natural collagen production with formulas that feature marine collagen, mangosteen and traditional herbs.
“Aeris follows in the XANGO tradition of advancing wellness and youthfulness through innovative formulas based on the nourishment of mangosteen and other leading botanicals,” said XANGO Founder and CEO Aaron Garrity. “Pre-launch users of Aeris are knocking years off their appearance and regaining their youthful confidence by following a simple, three-step process that boosts their natural collagen levels. Aeris stands out in an emerging
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Forever Rich Founder Explains Network Marketing
by Ramya Chandrasekaran • • 0 Comments
A successful real estate executive, now a networking guru, is encouraging Filipinos to improve their livelihood and health through a legitimate multi-level marketing business.
Susan Barlin was already based in the US when she discovered the healing effects of a food supplement called Laminine. She formed Forever Rich Philippines to share the health benefits of the product.
Barlin came back to the Philippines to promote the product locally. “This could be my final advocacy to help Filipinos get out from poverty. This company cannot promise you instant riches but if you believe in our products, that will be your way out from the hardship of life. This will also give OFWs an option for livelihood once they decided to come back to their families,” she says.
“We have a long-term goal. That is why I
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Hardly a 'Patch' Job: This Franchisee Is Deep into at Least 4 Franchise-Industry Roles
by Entrepreneur Staff • • 0 Comments
Patch Boys is only the latest initiative Bill Bunting has jumped into over the past 15 years.
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This 29-Year Old Tailor Is Relentlessly Working to Overhaul the Menswear Fashion Industry
by Catherine Clifford • • 0 Comments
Combat Gent founder Vishaal Melwani is proving that high fashion and high tech don’t have to mean high prices.
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Total Life Changes New National Director, Candace Byrd Davis Now Earning $40k Monthly
by Nicole Dunkley • • 0 Comments
Candace Byrd Davis and her husband Javon Davis currently live in New Salem, a small town about thirty miles south of Pittsburgh, Pennsylvania with their two children, Javon Jr. (13) and Jiovoni (6). Javon and Candace are middle school & high school sweethearts that have been married for fifteen years. Candace started her career fourteen years ago as an insurance agent. She worked as a contracted agent for top major insurance companies: State Farm, Nationwide and AllState. For many years she was a top-producer, making the Primary Agents plenty of revenue.
She decided to pursue her “dream” of opening her own insurance agency. “My dream quickly turned into my nightmare. I went from working a traditional 9 to 5 job to working a 9 to 5 plus 5, plus 5… I worked
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Bills to regulate medical marijuana head to Gov. Jerry Brown
by Successful IBO • • 0 Comments
With California voters likely to consider legalizing recreational marijuana use next year, state lawmakers approved a package of legislation that would create the first statewide licensing and operating rules for pot growers and retail weed outlets since the state became the first to legalize medical marijuana in 1996.