Avon to Sell Avon Japan Shares: Avon...
- Share via
From Times Staff and Wire Service Reports
Avon to Sell Avon Japan Shares: Avon Products said it has agreed to sell its remaining 60% stake in Avon Japan to a private Japanese mail-order firm and its president in a cash deal valued at $450 million. Friends of Freesia Co. and Freesia President Veji Sasaki will pay $408 million in cash and another $42 million in advance royalties in 18 months, Avon said.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
