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 […]
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 […]
Starting with the July 2019 issue, Direct Selling News is introducing a new monthly ranking, the DSN Digital 100, that will offer added insight on the digital marketing efforts of direct selling companies. The goal of the DSN Digital 100 is to see who within the direct sales industry is executing a sound social media […]
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 […]
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 […]
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 […]
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 […]
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. 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 […]
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 […]