Barington Capital Sends Letter to Avon Chairman; Proposes Restructuring Plan

An investor group led by Barington Capital Group, L.P., including NuOrion Partners AG and certain other investors (the "Barington Group"), which collectively owns more than 3% of the outstanding shares of Avon Products, Inc. AVP, today announced that it has sent a letter to the Chairman of the Board of the Company.  The full text of the Barington Group's Letter is available for viewing at the following link: http://www.barington.com/avon.html The following are highlights from the Barington Group's letter: On the Value Destruction at Avon Under the Current Board and Senior Management Team: "Avon's stock price has fallen from its 2012 high of $23.52 (reached shortly after the Board rejected Coty Inc.'s fully financed cash offer to acquire the Company for $23.25 per share) to $3.73 as of December See full press release