By and  on December 30, 2011

Avon Products Inc. is at a critical crossroads.

The company’s search for a chief executive officer — as its chairman and current chief Andrea Jung still occupies the corner office — has stirred speculation about the path best suited for the direct seller. Should it continue as a public company or be scooped up by another firm? Could a group of investors take the company private and shut its boardroom doors to fix Avon’s troubles away from the glare of Wall Street?

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