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Avon may sell some Coty fragrances in Brazil

NEW YORK (AP) -- The beauty care companies Coty and Avon are setting up an arrangement in which Avon representatives in Brazil will sell certain Coty fragrances.

The New York companies signed a letter of intent for the commercial arrangement that would have Avon's 1.5 million independent sales representatives in Brazil marketing some of Coty's celebrity fragrances. The fragrances would be featured in Avon's Brazilian brochure.

Coty's fragrances include Madonna's Truth or Dare, Katy Perry's Killer Queen and several by Jennifer Lopez.

The companies are still working out details of the arrangement, which they expect to be completed over the next few months.

Coty Inc., which went public in June, backed away from a $10.7 billion takeover bid for Avon in 2012.