Avon Products, Inc. (NYSE: AVP) today announced its results for the fourth quarter and fiscal year ended December 31, 2018. For the fourth quarter 2018, total revenue was $1.4 billion, a decrease of 10 percent year-over-year. Active Representatives declined 6 percent. For the fiscal year 2018, total revenue was $5.57 billion, a decrease of 2 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
Avon Products vs. Tupperware in addressing the new paradigm. Through the halfway mark in the fourth quarter, publicly traded Direct Selling stocks continued to outperform the broader market and consumer index averages so far in 2018. The Lane Research Direct Selling Index, which comprises the stocks of the six publicly traded direct selling companies we […]
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 […]
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 […]
As part of its commitment to Breast Cancer Awareness Month 2018, London-based Avon Products Inc. has unveiled its Pink Light Project, a global breast cancer educational campaign in partnership with Cancer Research UK. Avon is mobilizing its six million Representatives around the world, who together create a unique and powerful woman-to-woman communication network, to share educational information […]
Avon Products recently announced that Dronacharya Chakraborty has been appointed General Manager, India. This is effective immediately. Mr. Chakraborty will report to Global Vice President, Asia Pacific Bill Rahn. Mr. Chakraborty’s appointment is part of Avon’s strategy to drive growth and better capture the vast opportunities in India. He brings 20 years of experience in […]