Hot Business News Today

Hot Business News Today

CAbi Launches Microlending Program to Create 8200 jobs by 2020

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Los Angeles-based social selling apparel business CAbi, launched the W.E. are CAbi (Women Entrepreneurs Are CAbi), the first ever one-for-one microlending program.
In partnership with Opportunity International, the global non-profit financial services organization, CAbi will fund small business loans and training programs to support female entrepreneurs in developing countries, in the name of every new CAbi consultant who starts her own business. By providing the financing and mentorship to empower women to start their own businesses, W.E. are CAbi is projected to create and support approximately 8,200 jobs, impacting over 35,000 people in developing nations by 2020.
“CAbi has always provided consultants the opportunity to realize their dreams through starting a business to support a better financial future for their families and communities. We are so proud to now extend the gift of that transformational opportunity to women around

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Avon Looking To Sell North American Business

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Avon Products has postponed its analyst day, and reports say the company is exploring strategic alternatives. Yahoo Finance has reported that Avon is looking to sell its North American business. This comes after a long downhill slope in sales and business and a difficult 2014 news wise after leaving the DSA. 
Wall Street Journal also reports: 
Avon Products Inc. is exploring options including a sale of the company or its struggling North American business, people familiar with the matter said, an acknowledgment that its problems are more than skin deep. 
The door-to-door beauty company, with $8.9 billion in annual sales and more than a century of history, has tried without success for years to repair weak financial results and stem an exodus from its ranks of sales representatives.
Chief Executive Sherilyn McCoy was to outline her latest plans for a

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India’s Eureka Forbes Switches from Direct Selling to Retail

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Thirty-three years after stepping into the market with a door-to-door, direct sales business model, the water purifier brand Aquaguard will now shed it’s business model for a presence in brick and mortar stores.
The move is significant since the Shapoor-Pallonji-Group-owned Eureka Forbes had avoided taking Aquaguard, its flagship water purifier, into retail stores in the past, launching a value-for-money product called AquaSure instead, for retail stores.
In the new scheme of things, Aquaguard will be available in modern trade and upscale general retail outlets, while AquaSure will target mom-pop stores. Aquaguard will be priced between Rs 8,990 and Rs 22,990, while AquaSure will be available between Rs 6,490 and Rs 20,990.
Eureka Forbes has also just launched a new premium water purifier called Dr Aquaguard that will provide customised water solutions based on consumer needs. This will be pushed through direct sales only, says

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