Avon Products, Inc.

Avon Products, Inc.

Avon Products, Inc.

Overview
Date Founded

1886

Headquarters

Building 6,Chiswick Park,London, Greater London W4 5HR

Type of Company

Public

Employees (Worldwide)

36.7K

Industries

Chemicals
Retail: Other
Luxury & Specialty Goods
Apparel & Footwear
Consumer Services
Industrial Machinery & Manufacturing
Personal Products

Company Description

Avon Products, Inc. engages in the manufacture and marketing of cosmetics and beauty related products. It operates through the following geographical segments: Latin America; North America; Central & Eastern Europe; Western Europe, Middle East & Africa, and Asia Pacific. It offers beauty products such as skincare, fragrance, and color cosmetics; fashion and home items, which consists of fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children's products, and nutritional products. The company was founded by David H. McConnell in 1886 and is headquartered in London, the United Kingdom.

Website
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Executives & Employees

Chief Executive Officer

Global President

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Operating Officer

Senior Vice President, General Counsel & Chief Ethics & Compliance Officer

Chief Technology Officer

Group Vice President, Research & Development & Chief Scientific Officer

Chief Human Resources Officer & Senior Vice President

Chief Digital Officer & Senior Vice President

Vice President, Corporate Controller & Principal Accounting Officer

Board of Directors

Chief Executive Officer at Cerberus Operations & Advisory Co. LLC

Co-Founder at Granite Broadcasting Corporation

Former President & Chief Operating Officer at Avon Products, Inc.

Former President, Chief Executive Officer & Director at The Warnaco Group, Inc.

Co-Founder at Barington Capital Group LP

Vice Chairman & Senior Managing Director at Cerberus Capital Management LP

Chief Executive Officer at Avon Products, Inc.

Former Executive Vice President & Chief Financial Officer at L Brands, Inc.

Former Director-Emeritus & Senior Partner at McKinsey & Co., Inc.

Former Group President at McDonald's Restaurants of Canada Ltd.

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Owners & Shareholders
Details Hidden

Shah Capital Management (SCM) offers advice through the SCM Program with respect to portfolios which may include any of the following securities: exchange-listed securities, including individual equities and ETFs; securities traded over-the-counter; foreign issuers; corporate debt securities; commercial paper; certificates of deposit; municipal securities; no-load or load waived mutual fund shares; US governmental securities; and options contracts on securities.The Shah Capital Opportunity Master Fund seeks to outperform the S&P 500 and MSCI-World Indices and maximize returns measured over a long-term time horizon, while accepting a level of risk consistent with the preservation of the fund's assets. The fund focuses primarily on global equity securities, both long and short, while using leverage when appropriate on a limited basis.

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Archon Capital Management's investment objective is to achieve superior risk-adjusted returns by investing in a long/short portfolio consisting primarily of small- and mid-cap securities while adhering to a focused risk management discipline. Current income is not an objective.The firm's basic philosophy is to identify a core portfolio of small- to mid-cap companies traded in the U.S. and foreign equity markets that are undervalued compared totheir historical relative valuations and growth potential and which possess catalysts that will accelerate sales and/or earnings growth. The funds also employ short selling as a means to generate returns, manage and reduce market risk. Short sale candidates are companies that Archon believes have flawed business models that are not expected to generate meaningful free cash flow or profits and/or companies with high valuations whose business may be experiencing a deceleration in sales and earnings growth.Archon uses a disciplined, fundamental research, bottom-up investment approach to identify long and short investment opportunities. Their investment style is oriented towards growth at a reasonable price (GARP) with value, which implies the use of disciplined relative guidelines in both purchase and sale of securities. Archon focuses on stocks in growing industries, primarily in technology, healthcare and consumer industries that have an established market presence and the strategic and financial resources to capitalize on their growth objectives. The funds are non-diversified, employing both sector and company emphasis.

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Barington Companies Investors LLC (Barington) is the general partner and investment advisor for Barington Companies Equity Partners LP. In managing the fund. Barington seeks to invest the fund's assets in public companies that generally have a total market capitalization of between $100 million and $2 billion and in private companies, or portions thereof, that have a total acquisition price of $10 to $100 million, with private company investments limited to not more than 20% of the fund's capital (in terms of cost at the time of investment). The firm has the authority, however, to invest in companies with larger capitalizations and acquisition prices and may expand its focus to include companies with a market capitalization of up to $10 billion. Barington is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors.

Recent Transactions
Details Hidden

Cerberus Capital Management LP purchases Avon Products, Inc. /North America Bus from Avon Products, Inc. resulting in a new company New Avon LLC

Details Hidden

Walgreens Boots Alliance, Inc. purchases Liz Earle Beauty Co. Ltd. from Avon Products, Inc.

Details Hidden

Silpada Designs, Inc. /Management purchases Silpada Designs LLC from Avon Products, Inc.

Transaction Advisors
Investment Advisor

Advised onAvon Products, Inc. purchases Silpada Designs LLC

Accountant

Advised onAvon Products, Inc. purchases Avon Products (China) Co., Ltd. from Masson Group of Cos

Legal Advisor

Advised onWalgreens Boots Alliance, Inc. purchases Liz Earle Beauty Co. Ltd. from Avon Products, Inc.

Legal Advisor

Advised onWalgreens Boots Alliance, Inc. purchases Liz Earle Beauty Co. Ltd. from Avon Products, Inc.

Legal Advisor

Advised onWalgreens Boots Alliance, Inc. purchases Liz Earle Beauty Co. Ltd. from Avon Products, Inc.

Legal Advisor

Advised onAvon Products, Inc. purchases Silpada Designs LLC

Advisors & Consultants
Legal Advisor

Partner at Gibson, Dunn & Crutcher LLP

Legal Advisor

Partner at Akerman LLP

Legal Advisor

Partner at Proskauer Rose LLP

Clients

Cerberus Capital Management, L.P. is an American private equity firm. The firm is based in New York City, and run by financier Steve Feinberg, who co-founded Cerberus in 1992 with William L. Richter, who currently serves as a Senior Managing Director. The firm has affiliate and/or advisory offices in the United States, Europe and Asia. Cerberus has more than US$20 billion under management in funds and accounts. The company is a U.S. Securities and Exchange Commission Registered Investment Advisor. Investors include prominent government and private sector pension and retirement funds, charitable foundations, university endowments, insurance companies, family savings and sovereign wealth funds. The firm's headquarters are located at 875 Third Avenue in New York City.

Key Stats and Financials As of 2017
Market Capitalization
$849M
Total Enterprise Value
$2.44B
Earnings Per Share
$0
Revenue
$5.72B
Enterprise Value Sales
0.43x
Debt TEV
0.78x
Total Equity
$-247M
Total Debt
$1.9B
EBITDAMargin
8.15%
EBITDA
$466M
Net Profit
$21.7M
Enterprise Value EBITDAOperating
5.23x
TEVNet Income
112.44x
Five Year Compounded Annual Growth Rate Of Revenue
-11.81%
Three Year Compounded Annual Growth Rate Of Revenue
-13.57%
Investments
Details Hidden

New Avon LLC manufactures and distributes cosmetics and beauty products. oduct portfolio includes award-winning skincare, color cosmetics, fragrance and personal care products, featuring iconic brands such as ANEW, Avon Color, mark., and Skin So Soft, as well as fashion and accessories.The company was founded in 1886 and is headquartered in New York, NY.

Suppliers
AptarGroup, Inc. Paper Products | Crystal Lake, IL

AptarGroup, Inc. develops, manufactures and sales of consumer product dispensing systems. It operates through the following business segments : Beauty & Home, Pharma, and Food & Beverage. The Beauty & Home segment primarily sells pumps, aerosol valves and accessories to the personal care and household markets and pumps and decorative components to the fragrance/cosmetic market. The Pharma segment supplies pumps and metered dose inhaler valves to the pharmaceutical market worldwide. The Food & Beverage segment sell dispensing and non-dispensing closures and, to a lesser degree, spray pumps and aerosol valves to the food and beverage markets. The company was founded in 1940 and is headquartered in Crystal Lake, IL.

R.R. Donnelley & Sons Co. Computer Software | Chicago, IL

RR Donnelley (Nasdaq:RRD) is a global provider of integrated communications. The company works collaboratively with more than 60,000 customers worldwide to develop custom communications solutions that reduce costs, drive top line growth, enhance ROI and ensure compliance. Drawing on a range of proprietary and commercially available digital and conventional technologies deployed across four continents, the company employs a suite of leading Internet based capabilities and other resources to provide premedia, printing, logistics and business process outsourcing services to clients in virtually every private and public sector.

Calumet Specialty Products Partners LP Oil & Gas | Indianapolis, IN

Calumet Specialty Products Partners LP engages in the production of specialty hydrocarbon products. It operates through the following the Specialty Products and Fuel Products segments. The Specialty Products segment produces a variety of lubricating oils, solvents, waxes, synthetic lubricants, and other products for automotive, industrial, and consumer goods; and includes synthetic lubricants used in manufacturing, mining, and automotive applications. The Fuel Products segment involves in processing of crude oil into a variety of fuel and fuel-related products, including unleaded gasoline, diesel, and jet fuel. The company was founded on September 27, 2005 and is headquartered in Indianapolis, IN.

Competitors
Kimberly-Clark Corp. Personal Products - Irving, TX

Kimberly-Clark Corp. is engaged in the manufacturing and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment manufactures and markets disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products. The Consumer Tissue segment produces and sells facial and bathroom tissue, paper towels, napkins and related products for household use. The K-C Professional segment involves in the provision of wipers, tissue, towels, apparel, soaps and sanitizers. The company was founded by John A. Kimberly, Havilah Babcock, Charles B. Clark, and Frank C. Shattuck in 1872 and is headquartered in Irving, TX.

Colgate-Palmolive Co. Personal Products - New York, New York

Colgate-Palmolive Co. engages in the manufacturing and distribution of consumer products. It operates through Oral, Personal and Home Care; and Pet Nutrition segments. The Oral, Personal and Home Care segment represents North America, Latin America, Europe, Asia Pacific, and Africa or Eurasia, all of which sell to a variety of retail and wholesale customers and distributors. The Pet Nutrition segment offers pet nutrition products for dogs and cats. The company was founded by William Colgate in 1806 and is headquartered in New York, NY.

The Estée Lauder Companies, Inc. Personal Products - New York, NY

The Estée Lauder Companies, Inc. engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MžAžC, Bobbi Brown, La Mer, Jo Malone London, Aveda, and Too Faced. Its channels consist primarily of department stores, specialty multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas. The company was founded by Estée Lauder and Joseph Lauder in 1946 and is headquartered in New York, NY.

Awards & Honors
Rank #370
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #370
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
Rank #47
2011
Forbes Magazine - The Nifty 50
Sponsored by