Moody’s Investors Service cut Avon Products Inc.’s long-term credit rating to “A3” from “A2” because the company has been unable to “stabilize weak operating trends” in key markets such as Brazil and North America.
The outlook on the rating, which has the direct beauty merchant four notches above junk-bond status, is negative.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"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)