Avon North America Acquired By Regent, Appoints New CEO
The legacy beauty brand's US and Canada divisions will join the investment firm's portfolio, which also includes Avon International.
Regent has acquired Avon North America, integrating its US and Canada divisions into its existing portfolio, which also encompasses Avon International. The transaction, valued at $80 million, was finalized in May and is subject to review by an interagency panel headed by the US Treasury Department. The newly acquired entity is scheduled to launch on the Hong Kong stock exchange on September 1, and is in the process of seeking to raise up to $1.8 billion through its long-delayed IPO, as per a recent filing.
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