Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Avon to Sell Ownership of Avon Japan - Beauty Packaging

What are you searching for?

Sign in
Beauty Buzz

Avon to Sell Ownership of Avon Japan

Author Image

By: Jamie Matusow

Editor-in-Chief

In line with its strategy to focus on higher growth markets, Avon Products, Inc. has announced that it has agreed to tender its 74.67% ownership interest in its Avon Japan business to an affiliate of TPG Capital, a global private investment firm. TPG will pay 7.3 billion yen, or approximately $90 million, for Avon’s stake in the business and for pre-paid royalties for certain intellectual property licenses. Avon Japan represents less than 2% of its total company sales, and unlike other Avon markets, Avon Japan generates more than half of its sales from direct mail, with a large portion of its sales from products unique to Japan.

Add us as a preferred source on Google

Get the latest Beauty Packaging news, insights and analysis in your Google Search and AI experiences.

Add Beauty Packaging as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Beauty Packaging Newsletters