Avon has been on a downhill journey since 2011 (its last profitable year), as its direct selling model is losing market share to retail outlets and online shopping. Currently, Avon is discussing <span style="line-height: 20.8px;">the prospect of selling part of its business </span>with some private equity firms, including Cerberus Capital Management LP and Platinum Equity LLC, implying that there are no buyers for the entire company.