Jung

/PRNewswire/ -- Coty Inc., a leading global beauty company, today announced that it has sent a letter to Avon Products, Inc. (NYSE: AVP). Coty also announced that it has accepted an invitation from AllianceBernstein to discuss its proposal and answer questions from the investment community today at 10:00 AM ET. Coty is providing a live webcast of that conversation at coty.pressnews.net/. A replay of the webcast will be available beginning later today at coty.pressnews.net/. A copy of the letter sent to Avon follows below: April 16, 2012Andrea Jung, Chairman and Chief Executive OfficerAvon Products, Inc. 1345 Avenue of the