News Column

Avon shares losing their sparkle on bigger than expected losses

May 2, 2014

Shares in beauty products retailer Avon fell 12 per cent in early trading yesterday as the firm posted a biggerthan-expected net loss of $168.4m, on revenues down 11 per cent to $2.18bn. Avon also said it had reached a preliminary deal worth $135m with the US authorities to resolve a probe into its overseas business practices.

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Source: City A.M. (UK)

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