A group of Avon Products Inc. shareholders wants the company to consider selling itself — in whole, or in parts.
Shah Capital, Barington Capital Group LP and NuOrion Partners, which collectively own about 3.5 percent of Avon, have sent a letter to the company’s board of directors requesting they hire a financial adviser to explore strategic alternatives, including a sale. In a statement, the group said it was “extremely disappointed” in Avon’s stock price — which has declined more than 56 percent in the past year — and that the board has been slow to hire a new chief executive officer. The current ceo, Sheri McCoy, plans to step down at the end of March. It also said shareholders should not have to keep waiting for a turnaround “from a board that has overseen such tremendous destruction of shareholder value.”
The iconic Tiffany & Co. Fifth Avenue flagship will have a whole new look come 2021, reports @mistywhitesidell . The 10-story store is being expanded and renovated under the vision of chief artistic officer, Reed Krakoff. #wwdnews
“I feel like the [Emmy] nomination is this absurdly generous bonus to something that I’ve already been excited by for quite some time now,” Darren Criss tells @ktauer about his nomination for his role as Andrew Cunanan in The Assassination of Gianni Versace: American Crime Story, “My general attitude toward life is I hope for everything but expect nothing. But when you’re playing for the Warriors, there’s a good chance you’ll make it to the championships. And I’m not saying I’m Steph Curry, but when you’re on [showrunner] Ryan Murphy’s team, it seems more palpable than ever,” he continues. (Criss previously starred on “Glee,” another Murphy creation, although they didn’t directly work together.) “I feel like I’ve already won the lottery.” Read more in WWD.com (📸: @lexieblacklock ) #wwdeye #darrencriss #americancrimestory #emmys2018