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https://www.wsj.com/articles/SB10001424127887323297504578582161690136232
Jul 03, 2013 · Avon Products Inc. is going back to its roots. The embattled beauty company said it would sell its struggling jewelry business for $85 million in cash, removing another drag …Author: Serena Ng
https://www.directsellingnews.com/avon-sells-jewelry-business-silpada-to-former-owners/
Avon Sells Jewelry Business Silpada to Former Owners. Avon has sold Silpada Designs for $85 million to the company’s co-founders and their families. Jerry and Bonnie Kelly, along with Tom and Teresa Walsh, reacquired the company through new entity Rhinestone Holdings Inc. Three years ago, Avon acquired 13-year-old jewelry direct seller Silpada Designs for $650 million, making it one of the …
https://www.nytimes.com/1984/06/20/business/avon-to-sell-tiffany-5-years-after-it-took-over.html
Jun 20, 1984 · Avon said more than 25 companies and individuals had expressed interest in acquiring the 146-year-old jewelry concern. Among the potential …
https://www.cleveland.com/business/2013/07/avon_selling_jewelry_unit_back.html
NEW YORK -- Beauty products company Avon is selling the jewelry business Silpada back to its co-founders and their families for $85 million, well below what it paid three years ago.
https://www.cosmeticsdesign-europe.com/Article/2013/07/08/Avon-sells-its-jewelry-business-back-to-original-owner-at-big-loss
Avon Products continues its restructuring and streamlining with the sale of its jewelry unit back to its original owner Rhinestone Holdings, a deal that means a big loss for the cosmetics giant. The Silpada Jewelry unit was sold back to Rhinestone for just $85 million, having been bought from Rhinestone Holdings back in July 2010 for around $650 million.
https://en.wikipedia.org/wiki/Avon_Products
Avon Products, Inc. or simply known as Avon is a multi-level marketing company in beauty, household, and personal care categories. Avon had annual sales of $5.57 billion worldwide in 2019. It is the fourteenth-largest beauty company and, with 6.4 million representatives, is the second largest direct-selling enterprise in the world (after Amway). The company's CEO is Angela Cretu, who was ...
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