How Avon’s CEO Failed to Fix the Company

When beauty giant Coty coty made an unsolicited $10.7 billion for Avon Products avp in April 2012, the direct seller’s board was adamant shareholders would be better off letting incoming CEO Sheri McCoy fix a very damaged company. It proved to be one of the biggest blunders in M&A history.

Fast forward five years, Avon’s stock market value is down to $1.3 billion and McCoy is on her way out in March, having...

What feeling does this article give you?

#hashtags to follow:

Coty [+]    Avon Products [+]    April 2012 [+]    CEO Sheri McCoy [+]    Avon [+]    McCoy [+]   

More #news: