Breaking News

Avon Settles Bribery Charges

May 1, 2014

Will pay out $135 million to Justice Department and SEC.

Avon has secured a deal to spend $135 million to resolve criminal and civil inquiries in the US into whether it paid bribes in China and other countries, according to reports. It will pay $68 million to settle with the Justice Department and $67 million to the Securities and Exchange Commission.
 
Reports added that Avon will enter a deferred-prosecution agreement, with a Chinese unit pleading guilty to a books and records violation of the Foreign Corrupt Practices Act.
The company also will have a compliance monitor for at least 18 months, according to the filing.
 
In other news, first quarter sales at the fell 11% to $2.18 billion, with a 22% slip in sales in North America and an 11% decrease in the regions of Europe, the Middle East and Africa.
 
  • 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