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Fashion Jobs
SHISEIDO
Drunk Elephant Account Manager - Arnotts Dublin (37.5 Hours)
Permanent · Dublin
CLAUDIE PIERLOT IRLANDE
Sales Assistant - 15h - Permanent - Dublin m/f
Permanent · DUBLIN 2
CLAUDIE PIERLOT IRLANDE
Sales Assistant - 37,5h - Permanent - Dublin m/f
Permanent · DUBLIN 2
TAPESTRY
Sales Associate i - ce ir Arnotts (Women) (37.5 Hours)
Permanent · Dublin
LEVI'S
Summer Stylist Temp
Fixed-term · Kildare
RITUALS
Store Manager - Dundrum (40 Hours)
Permanent · Dublin
CLAUDIE PIERLOT IRLANDE
Sales Assistant - 15h - Permanent- bt Dundrum m/f
Permanent · DUBLIN
CLAUDIE PIERLOT IRLANDE
Sales Assistant - 10h - Fixed-Term - bt Dundrum m/f
Fixed-term · DUBLIN
LULULEMON
Educator | Brown Thomas Grafton st Part-Time
Permanent · Dublin 2
BA&SH
New Opening - Staff Members - Dundrum Dublin
Permanent · DUBLIN
LULULEMON
Key Leader | Brown Thomas Grafton st
Permanent · Dublin
AMERICAN VINTAGE
Assistant Store Manager (M/W) New Opening
Permanent · KILDARE
BA&SH
Sales Assistant - Kildare Village - New Opening
Permanent · KILDARE
BA&SH
Store Manager - Kildare Village - New Opening
Permanent · KILDARE
AMERICAN VINTAGE
Store Manager (M/W) New Opening
Permanent · KILDARE
RITUALS
Sales Advisor - Arnotts Dublin (30 Hours)
Permanent · Dublin 1
SHISEIDO
Nars Makeup Artist - Brown Thomas Dublin (15 Hours)
Permanent · Dublin
TK MAXX
10014-Associate
Permanent · Drogheda
LULULEMON
Store Manager | Brown Thomas Cork
Permanent · Cork
LULULEMON
Educator Part-Time | Dundrum
Permanent · Dublin
LULULEMON
Educator Full - Time | Dundrum
Permanent · Dublin
LEVI'S
Part-Time Stylist
Permanent · Dublin
By
Reuters
Published
Dec 9, 2015
Reading time
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Barington proposes Avon restructuring, warns against Cerberus deal

By
Reuters
Published
Dec 9, 2015

Private equity investors led by Barington Capital have proposed a restructuring of Avon Products, saying the cosmetics maker is "significantly undervalued" and warning against the sale of its North American arm to Cerberus Capital Management.

The Barington-led group which includes NuOrion Partners AG laid out their plans in an open letter sent on Thursday to Avon Chairman Douglas Conant.

Avon


They said they had lost confidence in Avon's leadership, citing its rejection of a takeover offer by Coty Inc and a poor choice of CEO as the primary reasons for its poor share market performance.

"We believe it is critical that Avon promptly add new independent directors who are focused on improving long-term shareholder value, ensuring that shareholder interests are protected, and recruiting a new senior management team that is capable of executing a comprehensive strategy to improve Avon's performance," Barington said in its letter.

The investor group, which collectively owns more than 3 percent of the company, also cautioned against any sale of Avon's North America business or a dilutive equity stake sale on unfavorable terms to shareholders.

On Thursday, Reuters reported that Avon was in negotiations to sell its North American arm to Cerberus Capital Management, a New York-based private equity firm.

In 2012, smaller rival Coty Inc offered to buy Avon for $10 billion, but the board rejected the bid as too low and "opportunistic".

News of the takeover offer sent Avon's stock soaring to a peak of $23.52 in 2012.

However, as of Dec. 2 the stock was $3.73, a loss of about $8.5 billion in market capitalization, the investor group said.

 

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