Brief: Avon Announces Agreement To Sell China Manufacturing Operation

LG H&H

08/01/2019 12:13

Jan 8 (Reuters) - Avon Products Inc  AVP.N :
    * PRESS RELEASE - AVON ANNOUNCES AGREEMENT TO SELL CHINA
MANUFACTURING OPERATION
    * AVON PRODUCTS INC - NET PROCEEDS TO AVON WILL BE $44
MILLION.
    * AVON PRODUCTS INC - AVON'S ASSOCIATES AT FACILITY WILL
REMAIN
WITH OPERATION.
    * AVON PRODUCTS INC - CO, THEFACESHOP CO LTD AGREED TO ENTER
INTO
A MANUFACTURING AND SUPPLY AGREEMENT
    * AVON PRODUCTS - ENTERED INTO AGREEMENT WITH THEFACESHOP
UNDER
WHICH THEFACESHOP WILL ACQUIRE ALL SHARES OF CO'S BEAUTY
MANUFACTURING OP IN GUANGZHOU
    * AVON PRODUCTS - UNDER CO, THEFACESHOP'S MANUFACTURING &
SUPPLY
AGREEMENT, GUANGZHOU FACTORY WILL MAKE PRODUCTS FOR CO'S CHINESE
BUSINESS, OTHER MARKETS

Source text for Eikon:  ID:nPn3MThpRa 
Further company coverage:  AVP.N 

 (Reuters.Briefs@thomsonreuters.com)