Avon Products Inc.

Avon Launches Two-Hour Delivery Service in Brazil

Avon Products, Inc. (NYSE: AVP) announced the launch of a new partnership with Rappi, an on-demand delivery service. In the initial pilot more than 100 Avon products will be available for two-hour delivery through selected Avon Representatives to customers in São Paulo in Brazil, and Bogotá and Medellin in Colombia. The partnership with Rappi will…

Read More

Avon Selected for 2019 Bloomberg Gender-Equality Index

Avon Products Inc. announced its inclusion in the Bloomberg Gender–Equality Index (GEI), which distinguishes companies committed to transparency in gender reporting and advancing women’s equality. As one of 230 companies selected, Avon achieved above-benchmark scoring across 67 criteria in a survey, which awards points for disclosure and examples of best-in-class practices for investing in women.…

Read More

Avon Appoints New Chief Supply Chain Officer

Avon Products Inc. announced that Vikram Agarwal has been named senior vice president and chief supply chain officer, effective February 1, 2019. Agarwal succeeds Michael Watson, who has decided to step down to pursue other professional opportunities. The company also announced that Susan Ormiston, senior vice president of Human Resources, will be leaving this month…

Read More

Avon to Sell China Manufacturing Operation

Guangzhou, China

Avon Products, Inc. (AVP) announced it has entered into a definitive agreement with TheFaceshop Co., Ltd., for its manufacturing operation in China. TheFaceshop Co., Ltd., a subsidiary of LG Household & Health Care Ltd., one of Asia’s largest consumer goods and beauty companies, will acquire all of the shares of Avon’s Beauty manufacturing operation in Guangzhou. Net proceeds to…

Read More

Beauty Direct Sellers Highlighted in Glossy

Glossy, a beauty blog that explores fashion and beauty through the lens of technology, recently keyed in on a few direct sellers who are taking innovative approaches to peer-to-peer selling. A recent Glossy article mentioned Beautycounter, New Avon and Avon Products Inc., all three of which have launched new initiatives in the past year to enhance the…

Read More

Gustavo Arnal Appointed Avon CFO

Avon Products Inc., today announced that Gustavo Arnal has been appointed executive vice president and chief financial officer, effective during Spring 2019. Arnal will report directly to Jan Zijderveld, Avon’s chief executive officer, as a member of the Executive Committee. Jamie Wilson, Avon’s current CFO, has chosen to step down from his full-time executive role…

Read More

Beauty & Personal Care Market Expected to Reach $716 Billion by 2025

Augmented Reality

The global beauty and personal care products market size is anticipated to reach $716.6 billion by 2025. According to a new report by Grand View Research, there are four key factors that are expected to drive a CAGR of 5.9 percent in the market over the forecast period: Growing preference for natural and organic personal care (NOPC) products Increasing…

Read More

Public Companies Faring Well Through First 3 Quarters of 2018

Wall Street

U.S public direct selling companies are enjoying a profitable year through the first nine months of 2018. Four billion-dollar companies—Herbalife Nutrition (up 11%), Nu Skin (up 23.7%), Primerica (up 13%) and USANA (up 14.9%)—are on track to surpass net sales from 2017. The other billion-dollar US company, Tupperware, is experiencing lower than usual sales for…

Read More

Avon Announces Support for UN’s LGBTI Standards of Conduct for Business

Avon announced its support for the United Nations Standards of Conduct for Business to tackle discrimination against lesbian, gay, bi, trans and intersex (LGBTI) people. According to the company, expressing support for the UN Standards on LGBTI is a continuation of Avon’s longstanding commitment to social progress and freedom of expression—principles that underpin its business…

Read More

Avon Reports 1% Increase for Q3 2018 Revenue

Avon Products UK HQ

Avon Products, Inc. (NYSE: AVP) announced its results for the quarter ended September 30, 2018. Total reportable segment revenue in reported currency increased 1 percent to $1.4 billion. Adjusted total reportable segment revenue in constant dollars decreased 4 percent on a like-for-like basis. Active representatives and ending representatives, both from reportable segments, declined 5 percent and 6 percent, respectively. “As we said at the…

Read More