Posts Tagged ‘Avon Products’

Brazil’s Anti-Trust Authority Approves Natura’s Acquisition of Avon

Brazil's Anti-Trust Authority

CADE, Brazil’s anti-trust authority, has approved without restrictions the acquisition by Natura &Co of Avon Products, Inc. Approval by Brazil’s competition authorities is one of the key steps towards the completion of the transaction, which remains subject to the fulfillment of other conditions precedent, including antitrust approval in other applicable jurisdictions. Announced on May 22, 2019, the transaction will create…

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Natura &Co, Avon Close to Closing Transaction

Natura &Co, Avon

Following the May announcement that it had reached an agreement to acquire Avon Products, Inc., Natura &Co recently announced that it has completed important steps towards closing the transaction. As previously announced to the market, Natura &Co Holding S.A. will be the new holding company for the Natura &Co group, having dual listing in the Brazilian and in…

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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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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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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 CEO Rings Closing Bell at NYSE

Avon CEO Rings Closing Bell

The New York Stock Exchange recently welcomed Avon Products Inc. (NYSE: AVP) to celebrate more than 130 years of championing economic empowerment for women around the world. Avon CEO Jan Zijderveld was invited to ring the closing bell. He was joined by several Avon executives and guests. The 133-year-old Avon was founded in 1886 by…

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Avon Products, Inc. Announces Structural Reset, Reductions

Avon Q3

London-based Avon Products, Inc. (NYSE: AVP) announced steps to simplify its operating structure, reduce product line complexity and reduce inventory holding levels. For its strategy to “Open Up” Avon, the company says it has taken decisive action over the past several months to identify and capture cost savings within existing commercial practices, supply chain operations and global…

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