2018-10-25 14:39

 

AVON shares rose 21% Natura due to takeover rumours

 

[Direct Report Network Beijing October 25th] (Light and luxurious home)According to a Reuters report, Natura has issued a statement to quell rumors that the Brazilian company is in talks to buy troubled Avon. "Natural Cosmetics has notified that there is no negotiation on a possible Avon acquisition yet," says Aesop and The Body Shop on Monday.
Despite the fact that these rumors are groundless, the market certainly likes the voice of the acquisition. Following the rumors of the Wall Street journal, AVON shares rose 21%. When Lu contacted AVON, the reporter could not reach AVON.
Chief executive Jan Zijderveld is trying to shift the fortunes of the direct-selling giant to several prominent recruiters and the goal of a digital transformation, but so far his efforts have not translated into improved sales and profits.