WWD.com/beauty-industry-news/financial/avon-and-coty-plan-brazilian-deal-7489322/
government-trade
government-trade

Avon and Coty Plan Brazilian Deal

The two beauty firms have signed a letter of intent.

Avon Products Inc. and Coty Inc. disclosed Thursday that they have inked a letter of intent that would have Avon Brazil market and sell select Coty fragrances through Avon’s 1.5 million inedependent sales representatives in Brazil.

The letter of intent indicates their planned commercial arrangement, with details and an agreement still to be finalized. The plan is for Avon to carry a collection of Coty’s celebrity and lifestyle fragrances in the Avon brochure in Brazil.

The companies said they plan to complete the final documentation of the arrangement over the next few months.