Avon urged to sell itself as shareholders lose confidence

The cosmetics company’s shareholders have sent a letter to Avon’s Board of Directors asking it to explore all strategic alternatives including a sale

Avon is under pressure from shareholders to consider its options, including a sale of the company in whole or parts.

A letter calling for strategic action has been sent to Avon’s Board of Directors by shareholders Shah Capital, Barington Capital Group, L.P., and NuOrion Partners, which collectively own around 3.5% of the common stock.

The group said in a combined statement: “The Shareholder Group is extremely disappointed with the deteriorating operating and . . .

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