Avon Japan Working With Underwriter to Relist as Back in Profit

Japan’s Avon Products Co., formerly a unit of U.S. cosmetics company Avon Products Inc., is working with private equity investor Keystone Partners Co. and a large domestic securities company to relist in Tokyo.

Keystone may offer shares in the beauty products provider as early as March 2018 and hired an underwriter earlier in the year to work toward a listing on the Tokyo Stock Exchange, said Tomoaki Tsutsumi, the co-chief executive officer of Keystone Partners, in an interview Tuesday. Tsutsumi, who is also president of Avon in Japan, said much of the preparatory work for the listing will be completed by December. He declined to identify the securities company.