USA: Avon reports Q2 sales slump
Avon has reported total revenue of $2.2.bilion for the second quarter of 2014, 13% lower than the same period of 2013. According to Cosmetics Business, net income based on continuing operations was $20 million compared with $85 million in the same period of the previous year, while the company’s net debt stood at $1.9 billion […]
Brazil: Avon creates virtual Facebook store
Avon, the world’s leading direct sales cosmetics company, is expanding its social media presence in Brazil with the launch of a new virtual shop on Facebook. Dubbed ‘Avon Beleza Vitrine’, the new portal will alow the company to promote its products and facilitate communication with its resellers. Customers will be able to ‘like’ Avon products […]
USA: Avon announces further job losses as share price falls
Avon, one of the world’s largest direct sellers of cosmetics, has said it will halt further roll out of its order management technology and initiate a further 650 job cuts after the company’s shares fell 5% in early trade. The new redundancies comes on top of the 400 job cuts it announced in April of […]