NEW YORK CITY (dpa-AFX) - Beauty products makerAvon Products Inc. (AVP) is exploring options including a possible sale of its struggling North American business, the Wall Street Journal reported, citing people familiar with the matter.
Chief Executive Sherilyn McCoy was to outline her latest plans for a turnaround at a long-scheduled investor presentation next month. But this week, the company made a surprise decision to postpone it until this fall after concluding that further-reaching changes are needed, the report said.
According to the reports, the company isn't running a formal sales process, though it is open to offers for the division.
AVP closed Tuesday trading at $9.15, up $1.14 or 14.23%. However, in after hours, the stock dropped $0.06 or 0.66%.
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