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Avon Comments in Response to Natura Announcement

LONDON, May 22, 2019 /PRNewswire/ -- Avon Products, Inc. (AVP) ("the Company"), a globally recognised leader in direct selling of beauty products, today confirmed the Company is in advanced discussions with Natura & Co. (NATU3.SA) regarding a potential all-stock transaction.

There can be no assurance any transaction will result from these discussions. Avon does not intend to make any additional comments regarding these discussions unless and until it is appropriate to do so, or a formal agreement has been reached.

About Avon Products, Inc.
For 130 years Avon has stood for women: providing innovative, quality beauty products which are primarily sold to women, through women.  Millions of independent sales Representatives across the world sell iconic Avon brands such as Avon Color and ANEW through their social networks, building their own beauty businesses on a full- or part-time basis.  Avon supports women's empowerment, entrepreneurship and well-being and has donated over $1billion to women's causes through Avon and the Avon Foundation.  Learn more about Avon and its products at www.avonworldwide.com. #Stand4Her

Forward-Looking Statements
This press release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to the Company's transformation plan, its business strategy, future growth and long-term value, and a potential transaction with Natura.  Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements.  These risks and uncertainties include, but are not limited to, the possibility of business disruption, competitive uncertainties, and general economic and business conditions in Avon's markets as well as the other risks detailed in Avon's Annual Report on Form 10-K for the year ended December 31, 2018, that was filed  with the Securities and Exchange Commission. Avon undertakes no obligation to update any statements in this press release for changes that happen after the date of this release.

INVESTORS:
Amy Greene, Vice President, Investor Relations, Avon Products, Inc.
(US) 914-935-2172
Email: amy.greene@avon.com

MEDIA:
Natalie Deacon, Executive Director Communications, Avon Products, Inc.
(UK) + 44(0) 7725 150853
Email: media.enquiries@avon.com / natalie.deacon@avon.com

Cision

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