Avon Products Inc.

Avon Products, Inc. Launches “Avon On” App for Representatives

Avon On

Avon Products, Inc. recently announced the launch of “Avon On,” a mobile app to support millions of micro-entrepreneurs to manage their businesses on the go. This first wave roll-out includes Mexico, Russia and Philippines, with a further 25 markets from across Europe, Latin America, and Africa launching the app beginning July 2019. According to the company, the app will help Representatives increase their productivity and…

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Avon Q1 2019 Revenue Down 15%

Avon Q1 2019

Avon Products, Inc. (NYSE: AVP) announced revenue for the quarter ended March 31, 2019, was $1.19 billion, down 15 percent from the first quarter of 2018. Sales in Europe, Middle East and Africa fell 19 percent to $458.7 million and 17 percent to $414.7 million in South Latin America. Sales in Asia Pacific increased 3…

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LG Household & Health Care to Acquire New Avon, LLC

LG Household & Health Care, Ltd. announced it has entered into a definitive agreement with an affiliate of Cerberus Capital Management, L.P. and Avon Products, Inc. to acquire New Avon, LLC for $125 million in cash. LG H&H will acquire the entirety of Cerberus’ majority interest and Avon Worldwide’s minority interest in Avon North America. The transaction…

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Avon Joins Humane Society International’s #BeCrueltyFree Campaign

#BeCrueltyFree Campaign

Avon Products, Inc. announced its support for a worldwide ban on animal testing for cosmetics by backing Humane Society International on its #BeCrueltyFree initiative. The campaign is leading legislative reform to prohibit cosmetics testing on animals in all major global beauty markets by 2023. Avon has committed to support #BeCruetlyFree to drive regulatory change in key markets…

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Ania Jakubowski Named Avon GM of Poland

Ania Jakubowski

Avon Products, Inc. recently announced that Ania Jakubowski has been appointed general manager of Poland, effective April 23. Jakubowski brings over 20 years of experience from global businesses in established and emerging markets across Europe, North America and Africa. She joins Avon from Marie Brizard Wine & Spirits, where she held the role of general manager…

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Avon Announces New Elections for Foundation Board; New General Manager

Avon Foundation for Women

The Avon Foundation for Women today announced the elections of Amy Greene as chair and Natalie Deacon as president of the Avon Foundation Board of Directors. Greene was recently appointed vice president, Investor and Stakeholder Relations for Avon. Deacon was recently appointed executive director, Corporate Affairs and Sustainability. Working with NGOs and Avon teams across…

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Financial Analysis

Public Direct Sellers: Business Slowed a Bit in the Fourth Quarter; Lots of Changes at Nu Skin Under CEO Ritch Wood as the Company Reinvents Itself for the Digital Age. Nu Skin Enterprises held an Investor Day at its headquarters in Provo, UT, at the end of February. Nearly two years into Ritch Wood’s tenure…

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Avon Becomes Founding Patron of New British Beauty Council

British Beauty Council

London-based Avon Products, Inc. announced that it has become a founding patron of the prestigious new British Beauty Council. The Council was established to represent the voices, opinions and needs of the beauty industry. It seeks to promote the huge contribution that beauty makes to the UK economy and to build beauty as a career…

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Natura, Avon Discussing Possible Merger

Avon Natura

The stock price for Avon Products Inc. spiked last Friday after the Wall Street Journal, Bloomberg and other news sources reported that rival Natura & Co. has confirmed that it has engaged in talks with Avon about a “potential transaction.” The confirmation, made in a regulatory filing, came hours after the Wall Street Journal reported…

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Avon Products Inc. Launches stand4her

stand4her

Avon Products Inc. recently launched stand4her, a global plan to tackle some of the greatest barriers holding women back from achieving their full potential.   As part of the business strategy to “Open Up Avon,” stand4her aims to improve the lives of 100 million women a year by standing for: the freedom to work on…

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