Tag Archive for Avon

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Avon Has Breakthrough In Skincare Research

by Tina Williams • August 25, 2015 • 0 Comments

A team of research scientists from the Avon Skincare Institute (ASI) presented a new breakthrough in anti-aging skincare at this week’s Summer Conference of The American Academy of Dermatology (AAD), which represents the largest association of dermatologists in the country.

Dr. John Lyga, Director of Skin Bioscience and Dr. Uma Santhanam, Director of Cell Biology and Clinical Efficacy at ASI explained that their team has solved a key piece of the skin aging puzzle in their presentation of two posters, “Dynein is Necessary for Intracellular Transport of Both Nutrients and Autophagosomes in Human Dermal Fibroblasts” and “A role for Autophagy in Skin Aging.”

The ASI scientists began their research with a question: Why does skin develop lines and wrinkles and lose firmness as we age? The team first focused their research on a key

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Avon Seeks $62 Million Settlement In China Bribery Case

by Tina Williams • August 20, 2015 • 0 Comments

Avon Products Inc is seeking approval of a $62 million settlement of a U.S. lawsuit accusing the cosmetics company of defrauding shareholders by concealing its failure to stop workers from bribing officials in China to win business.
The proposed settlement was filed on Tuesday with the U.S. District Court in Manhattan and requires a judge’s approval.
It resolves claims that Avon, former Chief Executive Andrea Jung and former Chief Financial Strategy Officer Charles Cramb, intended to mislead shareholders from 2006 to 2011 about the company’s ability to comply with the federal Foreign Corrupt Practices Act, which prohibits bribing foreign officials.
Shareholders led by two German investment funds said Avon embraced a corporate culture that was “actively hostile” to effective oversight and concealed its dependence on corrupt activity such as “dinner and karaoke” events to boost

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Ex-Avon Employee Claims Company Exploited Celebrity Clients

by Tina Williams • August 12, 2015 • 0 Comments

The NY Post reports:
A former celebrity handler for cosmetics giant Avon claims in a lawsuit that her greedy bosses manipulated its pitchmen, including Derek Jeter, Reese Witherspoon and Salma Hayek.
Mary Kate O’Neill says in her wrongful-termination suit that she never should have been fired from Avon because she saved it millions of dollars by heading off potential contract disputes with the stars.
One deal she brokered with Yankee shortstop Jeter kept him from suing the company, according to her $4 million Manhattan Supreme Court suit.
Jeter — who had launched his own cologne, Driven, with Avon in 2006 — refused another $1 million offer to endorse fashion and home products, the suit says.
But that didn’t stop the company from using his likeness to endorse the products without his permission, according to court papers.
“Mr. Jeter

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Avon Looks To IT To Help Continue Improvement

by Tina Williams • August 6, 2015 • 0 Comments

The Wall Street Journal reports: Cosmetics giant Avon Products Inc. continues to attempt a turnaround amid falling sales and difficulty retaining its signature door-to-door representatives. Behind the scenes, Avon’s IT department is working to modernize the company’s IT architecture to usher the business into the digital age, says CIO Sue Liddie.
Today, Avon is embracing smaller regional implementations over global rollouts.

“We need to architect solutions fit for purpose, sensitive to and agile enough to respond to each of those groups,” Ms. Liddie said during an interview in June. Avon’s IT infrastructure should be built so individual markets can tweak technology when needed without disrupting the entire stack, she added.

Ms. Liddie says she hopes a more loosely coupled architecture will give Avon the agility to adapt quickly to individual market demands and expand online and

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Avon Turns A Profit For First Time In Years

by Tina Williams • August 2, 2015 • 0 Comments

The Wall Street Journal reports: Avon Products Inc. may be seeing some light at the end of the tunnel.
The door-to-door seller of beauty products reported another quarter of sales declines, but its beleaguered U.S. business showed a profit for the first time in years, putting Avon on track to reach one of Chief Executive Sheri McCoy’s goals in her attempted turnaround of the company.
New York-based Avon on Thursday said second-quarter revenue fell 17% to $1.82 billion, dragged down by many foreign currencies weakening against the U.S. dollar. Excluding currency effects, sales were flat overall, with declines in Brazil, the U.S. and elsewhere erasing gains from Russia and the Philippines.
Avon sells a wide range of cosmetics, perfumes and accessories through a network of roughly 6 million representatives world-wide. The number of representatives actively selling products slipped 2% in

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Lisa Wilber – Avon Top Income Earner Interview

by Ted Nuyten • June 10, 2015 • 0 Comments

Lisa M. Wilber is currently the # 5 money earner in the United States with Avon Products, Inc. and has a team of nearly 3,000 Representatives whom sold more than $8 million in 2014.
With cumulative earnings over $4 1/2 million dollars, Lisa is referred to by Avon as “the best known Avon Representative in the world”.
Lisa was the first Senior Executive Unit Leader on the USA East Coast with Avon’s multi-level marketing program entitled “Leadership” in March 1994. She is often asked to speak at functions around the country and is proud to be a serving member of the Board of Directors for The Academy of Multi-Level Marketing (www.academyofmlm.com).
Lisa created a line of products to help her own team and has turned that into a business to help anyone in direct sales,

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Three Startups That Want To Steal Avon’s Look

by Tina Williams • June 3, 2015 • 0 Comments

With the “company for women” struggling, these three startups are hoping to take a big bite of the direct-sales beauty market.
Although a fake takeover bid recently led to a spike in Avon stock, the longtime cosmetics powerhouse built by millions of local “Avon ladies” has been slowly declining. After years as the top global direct sales company, Avon slipped out of that spot in 2014. The company’s revenue declined 20% last year to $8.85 billion, from a peak of $11.1 billion in 2011, and after a lengthy probe into corruption in its China operations, Avon agreed to pay a $135 million settlement.
So, are we looking at the end of the era in which women purchased beauty products from friends and neighbors who sold door-to-door? Not necessarily. There are a number of young, upstart companies that are trying to

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Avon’s Fake ‘Takeover’ Shows Poor State Of Company

by Tina Williams • May 15, 2015 • 0 Comments

Avon is an iconic American company that has been around for nearly 130 years. But Avon is struggling. And there’s not enough makeup in the world to make it more attractive.
Things have gotten so bleak for Avon (AVP) that investors actually pushed the stock higher Thursday following a report of a takeover offer … that turned out to be fake.
An entity calling itself PTG Capital filed a letter with the SEC claiming that it wanted to buy Avon for $18.75 a share — nearly triple what the stock was trading at on Wednesday.
Shares surged as much as 20% shortly after news of the filing started to spread. But traders and financial reporters quickly poked holes in the “offer.”
The filing had typos in it. PTG was referred to as TPG on two occasions. (TPG is an

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Avon Having Trouble Getting Rid Of North American Business, Sales Plummet

by Tina Williams • May 5, 2015 • 0 Comments

Avon shares slid by more than 7% on Tuesday to around $7.53 a share.
Last month, the stock surged by more than 15% after the Wall Street Journal reported that it is exploring “strategic alternatives” for its North American business, meaning the company is looking for ways to improve its competitiveness.
The initial report from WSJ said the company is looking to sell some or all of this unit. But according to a New York Post story published late Tuesday, this process isn’t going very well.
The Post reported that companies interested in buying out Avon are losing interest because they are struggling to finance an offer.

The Post quotes one hedge fund investor as saying: “All in all, I don’t see a deal happening unless Avon basically gives away its North America business for essentially nothing.”

Avon also reported weak first-quarter results last

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Avon Sales Fall From $3 Billion To $1.2 Billion In Less Than 5 Years

by Tina Williams • April 28, 2015 • 0 Comments

In less than 5 years, Avon has lost nearly half of its revenue, fallen off of the S&P 500, left the DSA, and lost 40% of the value of its stock. One has to wonder what other direct-selling companies can learn from this. In an article in the Wall Street Journal, they explore the reasons why:
Everyone seems to know who the Avon lady is—except for Avon.
The company is struggling with its identity. It remains heavily entrenched in the U.S., even though most of its business is abroad. It is one of the biggest direct sellers of beauty products and relies heavily on personal relationships, but it lagged behind in developing an online strategy and hasn’t capitalized on the opportunities of social media. And while its focus is beauty, its representatives are busy

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