Posts Tagged ‘Avon Products’

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…

Read More

Avon Products, Inc. Announces Structural Reset, Reductions

Avon Products UK HQ

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…

Read More

Nick Burton Appointed Avon VP Digital Development

Avon Products, Inc. has announced the appointment of Nick Burton as vice president of Digital Development. Burton will report to Chief Digital & Information Technology Officer Benedetto Conversano and will be based in Chiswick. The appointment is effective January 28. According to the company, Burton will play a pivotal role in Avon’s transformation, driving its digital…

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 & 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

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

James Thompson Named New Avon Chief Beauty & Brand Officer

Avon Products, Inc. recently announced the appointment of as chief beauty and brand officer, effective November 1, 2018. Thompson joins Avon following a 24-year career at Diageo PLC, most recently serving as chief marketing and innovation officer for Diageo North America. At Avon, he will focus on leveraging the strength of Avon’s beauty marketing and innovation to create more agile category teams that will…

Read More

Avon Introduces Personalized Beauty App

The digital tool, built in partnership with Techkon, will deliver diagnostics regardless of ethnicity, skin tone and type using a phone camera and a unique calibration card exclusively available to Avon Representatives. Avon Products, Inc. conducted research into how mathematical-based color theory could be used to predict an individual’s make-up shade and skin-care needs and worked…

Read More