• Login
    • Join
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Formulary
    • Exclusives
    • Top Companies
    • Raw Materials
    • End-User
    • Packaging
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Formulary
  • Exclusives
  • Top Companies
  • Raw Materials
  • End-User
  • Packaging
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    Top Features
    ACI Prepares for a Busy Second Half of 2022

    Honeywell Technology Boosts Efficiency And Reduces Carbon Footprints

    Protection & Correction: Facial Cosmetics

    Preservatives Market Expands to Maintain Longevity & Quality in Household & Personal Care

    Advancing the Research in Preservation Science
    Online Exclusives
    Association News
    Breaking News
    Financial News
    Industry News
    International
    Marketing News
    New Products
    News Front
    Packaging News
    Patents
    Personnel
    Regulations
    Snapshots
    Top News
    Live From Shows
    Top News
    SCOTUS EPA Ruling Won’t Impact General Regulatory Authority

    Toning Collection For Zero-Brass Blondes is New at Colorproof

    Esthetician Studio Beauty Concepts Files Trademark Infringement Lawsuit Against Kim Kardashian and Coty, Inc.

    Joy Liquid Dishwash Brand Expands Into Auto Dish Market

    Parfums Christian Dior Launches Sustainability Program
    Blog
    Online Exclusives
    Glossary
    Infographics
    Podcasts
    Whitepapers
    Videos
    Expert's Opinion
    HappiTV
    eBook
    Surveys
    International Top 30 Report
    Top 50 Report
    Top Companies
    25. PZ Cussons

    Gojo

    23. Puig

    18. Guthy-Renker

    38. Seventh Generation
    Actives
    Functional Ingredients
    Pigments
    Polymers
    Preservatives
    Surfactants

    SCOTUS EPA Ruling Won’t Impact General Regulatory Authority

    ACI Prepares for a Busy Second Half of 2022

    Honeywell Technology Boosts Efficiency And Reduces Carbon Footprints

    Protection & Correction: Facial Cosmetics

    Preservatives Market Expands to Maintain Longevity & Quality in Household & Personal Care
    Air Care/Environmental Fragrance
    AP/Deo
    Color Cosmetics
    Disinfectants
    Fine Fragrance
    Hair Care
    Household Cleaning
    I&I Marketplace
    Laundry Care
    Oral Care
    OTC/Medicated
    Packaging
    Personal Cleansers
    Skin Care
    Sun Care
    Testing

    SCOTUS EPA Ruling Won’t Impact General Regulatory Authority

    Toning Collection For Zero-Brass Blondes is New at Colorproof

    Esthetician Studio Beauty Concepts Files Trademark Infringement Lawsuit Against Kim Kardashian and Coty, Inc.

    ACI Prepares for a Busy Second Half of 2022

    Joy Liquid Dishwash Brand Expands Into Auto Dish Market
    Lab Equipment
    Mixing
    Packaging
    Testing

    L’Oréal Paris Has a New Answer For Men with Gray Hair

    Labskin's Microbiome-Friendly+ Seal of Approval Available in the US

    Sustainability Continues To Shape Beauty, Home & Personal Care Packaging

    Technology Cuts Plastic Decomposition from 500 Years to Three Months

    Aerosol Recycling Initiative Launched by HCPA
    Contract Manufacturing / Private Label Directory
    Buyer's Guide
    Add New Company
    Corporate Profiles
    International Buyers Guide Companies
    Centerchem LLC

    Lubrizol Life Science

    Croda Inc

    BotanicalsPlus

    BARALAN
    Live From Shows
    Meetings
    Webinars
    Snapshots
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Formulary
    • Directories
      • Buyer's Guide
      • Contract Manufacturing / Private Label Directory
      • Corporate Profiles
      • Add Your Company
    • Raw Materials
      • Actives
      • Functional Ingredients
      • Pigments
      • Polymers
      • Preservatives
      • Surfactants
    • End-User
      • Air Care/Environmental Fragrance
      • AP/Deo
      • Color Cosmetics
      • Disinfectants
      • Fine Fragrance
      • Hair Care
      • Household Cleaning
      • I&I Marketplace
      • Laundry Care
      • Oral Care
      • OTC/Medicated
      • Packaging
      • Personal Cleansers
      • Skin Care
      • Sun Care
      • Testing
    • Packaging
      • Lab Equipment
      • Mixing
      • Packaging
      • Testing
    • Top Companies
      • International Top 30 Report
      • Top 50 Report
    • Online Exclusives
    • Glossary
    • Experts Opinion
    • Slideshows
    • HappiTV
    • Podcasts
    • Videos
    • Infographics
    • eBook
    • Blog
    • Whitepapers
    • Surveys
      • R & D Salary Survey
      • Sales & Marketing Salary Survey
    • Job Banks
    • Events
      • Industry Events
      • Live from show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Avon Sells China Manufacturing Operation

    TheFaceShop Co. acquires operation in $44 million deal.

    Avon Sells China Manufacturing Operation
    Related CONTENT
    • Mexico Becomes First Country in North America to Outlaw Animal Testing for Cosmetics
    • Wella Company Appoints Three New Members to Executive Team
    • What You’re Reading on Happi.com
    • Avon Launches Vegan Skin Care Line
    • Name Change for New Avon
    01.08.19
    Avon Products, Inc., London, has entered into a definitive agreement with TheFaceShop Co., Ltd., a subsidiary of LG Household & Health Care Ltd., under which TheFaceShop will acquire all of the shares of Avon's Beauty manufacturing operation in Guangzhou, China. Net proceeds to Avon will be $44 million.

    The companies also agreed to enter into a manufacturing and supply agreement, under which the Guangzhou factory will manufacture products for Avon's Chinese business and other markets, while maximizing the capacity of the plant for its own production. In addition, Avon said its associates at the facility will remain with the operation.

    These agreements are another step in the beauty company’s “strategic shift to opening up its business mindset with best in class partners to efficiently manufacture and deliver products, in service of the millions of beauty entrepreneurs and their customers around the world,” it said in a press statement.

    "This transaction is a significant step forward in our efforts to 'Open Up Avon' by operating more efficiently, with a leaner, more agile global infrastructure. This agreement provides us with greater operational and financial flexibility, while allowing us to benefit from the local knowledge, world-class products, R&D expertise and infrastructure of internationally-recognized partners such as LG H&H,” said Jan Zijderveld, CEO of Avon. “By operating with a local structure that fits our purpose, we will be better positioned to capture the significant opportunity in China and the wider Asian market. We know LG H&H well and believe that they will continue to be a strong partner for Avon as we collectively seek to grow our business in the region."  

    "We are pleased to have reached this agreement with Avon and add a state-of-the-art facility with powerful capabilities to deliver quality products for the fast-growth local market. Our past interactions with Avon provide us a sound understanding of its brand power and global reach, and we look forward to continuing our relationship with Avon as we both explore ways to grow our product lines, bring desirable products to market faster, and each accelerate our growth across Asia,” noted Suk Cha, CEO of LG Household & Health Care.

    The transaction is expected to close by February.
    Related Searches
    • lg
    • care
    • global
    • companies
    Suggested For You
    Mexico Becomes First Country in North America to Outlaw Animal Testing for Cosmetics Mexico Becomes First Country in North America to Outlaw Animal Testing for Cosmetics
    Wella Company Appoints Three New Members to Executive Team Wella Company Appoints Three New Members to Executive Team
    What You’re Reading on Happi.com What You’re Reading on Happi.com
    Avon Launches Vegan Skin Care Line Avon Launches Vegan Skin Care Line
    Name Change for New Avon Name Change for New Avon
    What You What You're Reading on Happi.com
    Avon Partners with Toys for Tots Avon Partners with Toys for Tots
    Natura &Co Outperforms Market Natura &Co Outperforms Market
    Nature & Natura Nature & Natura
    Beauty Goes to Bat for Animal Welfare Beauty Goes to Bat for Animal Welfare
    New Avon Opens Studio 1886 New Avon Opens Studio 1886
    Avon Launches K Beauty Avon Launches K Beauty
    Avon Names Arnal as CFO Avon Names Arnal as CFO
    Avon Appoints New VP of Global Fragrance Avon Appoints New VP of Global Fragrance
    Sales Decline Continues at Avon Sales Decline Continues at Avon

    Related Content

    • Color Cosmetics | Hair Care | Personal Cleansers | Skin Care | Testing

      Mexico Becomes First Country in North America to Outlaw Animal Testing for Cosmetics

      The move, backed up unanimous support from Mexico's Senate, was inspired by stop-motion animated film Save Ralph.
      09.03.21

    • Wella Company Appoints Three New Members to Executive Team

      Wella Company Appoints Three New Members to Executive Team

      Virginie Costa, Gretchen Koback Pursel, and Hugh Dineen bring new capabilities, which complement and solidify capacity to accelerate company growth.
      08.26.21

    • Actives | Fine Fragrance | Functional Ingredients | Skin Care | Sun Care
      What You’re Reading on Happi.com

      What You’re Reading on Happi.com

      The most-viewed news on our site for the week ended June 5, 2021.
      Tom Branna, Editorial Director 06.06.21


    • Skin Care
      Avon Launches Vegan Skin Care Line

      Avon Launches Vegan Skin Care Line

      FarmRX is a clean beauty collection with plant-based ingredients.
      Melissa Meisel, Associate Editor 03.04.21

    • Color Cosmetics | Fine Fragrance | Skin Care
      Name Change for New Avon

      Name Change for New Avon

      Venerable beauty company retires name from 2016 restructuring.
      Happi Staff 01.04.21

      Loading, Please Wait..
      Trending
      • Succeeding In Skin Care
      • La Roche-Posay Takes Oily Skin To The Matte With Latest Double Repair Moisturizer
      • L’Oréal's New UVMune 400 Sun Filtering Technology Protects Skin From Ultra-Long UVA Rays
      • Parfums Christian Dior Launches Sustainability Program
      • Old Spice X Arby's Collab Conquers The Meat Sweats
      Breaking News
      • SCOTUS EPA Ruling Won’t Impact General Regulatory Authority
      • Toning Collection For Zero-Brass Blondes is New at Colorproof
      • Esthetician Studio Beauty Concepts Files Trademark Infringement Lawsuit Against Kim Kardashian and Coty, Inc.
      • Joy Liquid Dishwash Brand Expands Into Auto Dish Market
      • Parfums Christian Dior Launches Sustainability Program
      View Breaking News >
      CURRENT ISSUE

      July 2022

      • American Cleaning Institute Takes on Onerous Regulations
      • Honeywell Technology Boosts Efficiency & Reduces Carbon Footprint
      • Skincare trends in Facial Cosmetics Producs
      • Preservatives for Household and Personal Care Formulas
      • Advancing the Research in Preservation Science

      Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
      You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

      • About Us
      • Privacy Policy
      • Terms And Conditions
      • Contact Us

      follow us

      Subscribe
      Nutraceuticals World

      Latest Breaking News From Nutraceuticals World

      Pharmavite Expands in Ohio with $200 Million Investment
      Nestlé Health Science Expands in New Zealand with Deal to Buy The Better Health Company
      Younger Consumers Drive Growing Demand for Ingestible Beauty and Skin Care Products
      Coatings World

      Latest Breaking News From Coatings World

      Azelis Acquires Chemical Partners, Strengthens Leadership in Africa and Middle East
      Emmanuelle Bromet Named Arkema Sustainable Development VP
      ROSS Planetary Dual Dispersers Have Unique Processing Flexibility
      Medical Product Outsourcing

      Latest Breaking News From Medical Product Outsourcing

      MPO's Most-Read Stories This Week—July 2
      OmniGuide Awarded FDA Clearance for RevoLix Hybrid Thulium Laser
      Pancryos Forges License Agreement for Microencapsulation Device
      Contract Pharma

      Latest Breaking News From Contract Pharma

      Bayer Opens New Research and Innovation Center at Kendall Square
      Lonza Names Maria Soler Nunez as Head, Group Operations
      Eurofins DiscoverX Opens Shanghai Office
      Beauty Packaging

      Latest Breaking News From Beauty Packaging

      Dexlevo Introduces Beauty Treatment technique, ‘GOURI’
      Revision Skincare Exec Wins Ernst & Young Entrepreneur of the Year
      Latest Updates About Cosmoprof North America
      Happi

      Latest Breaking News From Happi

      SCOTUS EPA Ruling Won’t Impact General Regulatory Authority
      Toning Collection For Zero-Brass Blondes is New at Colorproof
      Esthetician Studio Beauty Concepts Files Trademark Infringement Lawsuit Against Kim Kardashian and Coty, Inc.
      Ink World

      Latest Breaking News From Ink World

      Weekly Recap: Flint OPS, Xerox and MNYPIA Top This Week’s News
      Azelis Acquires Chemical Partners, Adds to Leadership in Africa and Middle East
      International Paper Publishes 2021 Sustainability Report
      Label & Narrow Web

      Latest Breaking News From Label & Narrow Web

      UPM Raflatac boosts operations in US, All4Labels returns to HP and more
      Fedrigoni Self-Adhesives to exhibit at Labelexpo Americas for first time
      CELAB Europe wins Paper Recycling award
      Nonwovens Industry

      Latest Breaking News From Nonwovens Industry

      Glatfelter, Blue Ocean Closures Partner with Absolut
      What You’re Reading on Nonwovens-Industry.com
      Daio, Livedo Partner to Recycle Diapers
      Orthopedic Design & Technology

      Latest Breaking News From Orthopedic Design & Technology

      ODT's Most-Read Stories This Week—July 2
      NuVasive Inc. Opens Singapore Experience Center
      Pedicle Screw Systems Market to Top $3B in 2027
      Printed Electronics Now

      Latest Breaking News From Printed Electronics Now

      Weekly Recap: eMagin, Identiv, and Japan Display Top This Week’s Stories
      Epishine is Building a New Solar Cell Factory in Linköping, Sweden
      Toppan Establishes CVC Fund and Investment Management Company in the US

      Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

      AD BLOCKER DETECTED

      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker.


      FREE SUBSCRIPTION Already a subscriber? Login