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.

  • Skin of Color Society Connects Experts

    Skin of Color Society Connects Experts

    Melissa Meisel, Associate Editor||January 16, 2017
    Dermatologists from across the nation share information and ideas.

  • Erasa

    Erasa's New Evangelist(a)

    January 9, 2017
    Impressed by the performance of its hero SKU, supermodel Linda Evangelista joins the company in a hand's on role.

  • Discourse on Disclosure

    Discourse on Disclosure

    Tom Branna, Editorial Director||January 6, 2017
    Transparency impacts the cleaning industry.

  • Hitting the Right Notes

    Hitting the Right Notes

    January 6, 2017
    Agilex Fragrances is the leader in the middle market fragrance category.

  • The Smell of Clean in 2017

    The Smell of Clean in 2017

    January 6, 2017
    Changing consumer lifestyles and demographics are impacting the scents found in the household cleaning category.

  • On the Edge

    On the Edge

    January 6, 2017
    Expanding beauty brands to watch in 2017