Breaking News

Avon’s Restructuring Plan To Cost $500M

April 11, 2006

Avon Products Inc. expects its four-year restructuring plan to cost $500 million and yield annual savings of more than $300 million after completion. Previously, the company said the plan would cost from $300 million to $500 million. Avon reiterated its revenue outlook of flat to slight growth in 2006 and mid-single digit percentage growth in local currencies after 2006. The company booked revenue of $8.15 billion in 2005, a 5% rise from the previous year.
Avon, whose president Susan Kropf will retire after 35 years at years end, also announced that it will cut about 300 call center jobs at its Springdale, OH center. The company said those jobs will be moved overseas. The Springdale facility employs about 600 people, and also handles some manufacturing and shipping.

  • Cargo Says Aloha To Spring/Summer

    Cargo Says Aloha To Spring/Summer

    Christine Esposito, Associate Editor||February 13, 2017
    Cargo Cosmetics has rolled out its new Spring/Summer collection with Hawiianan singer Anuhea.

  • Cashing In on Coconuts

    Cashing In on Coconuts

    Melissa Meisel, Associate Editor||February 6, 2017
    Organic to Green is making waves for its new oils and eco-friendly packaging.

  • Monday Morning Quarterback

    Monday Morning Quarterback

    Christine Esposito, Associate Editor||February 6, 2017
    Super Bowl commercials are big business. Let’s look at some of personal and household care brands that bought spots this year

  • Trade Association Directory 2017

    February 2, 2017
    Contact details of trade associations that serve various segments of our industry and are mentioned frequently in Happi.

  • What the Halal  Is Going On?

    What the Halal Is Going On?

    Imogen Matthews , In-Cosmetics||February 2, 2017
    Demand for these beauty products is surging thanks to a fastgrowing Muslim population.

  • Relief for Sensitive Scalps

    Relief for Sensitive Scalps

    Guadalupe Pellon and Annette Mehling , BASF||February 2, 2017
    BASF researchers detail the attributes of the company’s highly effective hair care system focusing on scalp sensitivity.