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Avon deal is dead, but the company still makes news.
May 18, 2012
By: TOM BRANNA
Editor
Seems that Coty execs just love the spotlight. Just three days after Coty pulled a $10.7 billion offer to buy Avon Products Inc., the world’s largest fragrance company is preparing an initial public offering, its chairman told a German paper. “Yes, we’re working on a flotation,” Peter Harf told Financial Times Deutschland in an advance copy of its Friday edition. Reuters reported on Wednesday that Coty had selected Bank of America Merrill Lynch and JPMorgan Chase & Co to lead the IPO.
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