Avon Products Inc.'s shares fell nearly 22 percent Thursday after the beauty firm reported a third-quarter net loss and decline in sales as it continued to struggle in key markets.
The impact was worsened by the company’s disclosure that a potential settlement of the ongoing Foreign Corrupt Practices Act investigation, related to bribery allegations in China, could cost significantly more than Avon’s earlier offer to the U.S. Department of Justice and the Securities and Exchange Commission of $12 million, which was rejected in June.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)