By and  on May 15, 2012

NEW YORK — Now that Coty Inc. has apparently abandoned its bid for Avon Products Inc., it’s up to Avon to fix itself — and Coty to look for a Plan B.

Late Monday evening, the direct seller’s would-be suitor Coty pulled its offer to buy the beleaguered company, ending a two-month effort to engage Avon’s management and board in negotiations.

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