COTY STILL KEEN ON THE AVON LADY

BEAUTY product company Coty, whose $10bn bid for larger rival Avon Products was rejected earlier this month, yesterday reaffirmed its original cash offer of $23.25 per share for its larger rival. Coty said it remained interested in discussing its proposal with Avon, which named Johnson & Johnson senior executive Sherilyn McCoy as its new CEO last week. The company’s latest campaign stars Czech model Daniela Pestova.