Brazil is key in Coty's bid to buy Avon

04/5/2012 | Wall Street Journal, The

Brazil is the third-largest global market for beauty products, behind the US and Japan, and Avon's door-to-door retail model commands a significant share of the market. Avon's status was a key factor in Coty's $10 billion bid to buy the company, Coty Chairman Bart Becht said Thursday.

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