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Avon in talks with private equity firms, says report

Cosmetics seller Avon Products is in talks with various private equity firms to sell a stake in the struggling company, the Wall Street Journal reported.

Avon is conducting an auction process for a private investment in public equity (PIPE), the WSJ reported, citing people familiar with the matter.

The private equity firms include Cerberus Capital Management and Platinum Equity, the WSJ said.

(Source: CNBC)